A trader marked the selling price of an article at 60% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :
Choose the correct option:
A) 10 %
B) 10.5 %
C) 6.8 %
D) 12.5 %
E) none

Rationale: "sol . let c . p . = rs . 100 . then , marked price = rs . 160 , s . p . = rs . 99 . ∴ discount % = [ 11 / 160 * 100 ] % = 6.8 % answer c"
Answer: C