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Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).

Financial MathematicsProfit, Loss, and Discount

The discount price of an item is 20% less than the retail price. James purchases a book at a 30% discount at a special book sale. What percentage of the retail price did James pay?

  1. A.$50\%$
  2. B.$56\%$Correct answer
  3. C.$70\%$
  4. D.$80\%$

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Quick fact: James paid $56\%$ of the retail price.

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