Let the cost of the article be reduced to Rs. x.
∴x+12% of x=2,240
On solving, we get : x=2,000
⇒ Reduced price of the article =Rs.2,000
Reduction needed =Rs.2,200−Rs.2,000=Rs.200
Hence, reduction as percent of marked-price =ReductionMarkedprice×100%
=2002,200×100% =9111%