What will be the Gain Percentage of Shopkeeper? If

A shopkeeper claims to sell his articles at a discount of 5% but marks up his articles by increasing the cost of each by 10%. His gain percent is-

  1. 5%
  2. 3.5%
  3. 6%
  4. 4.5%
vijay Professor Asked on 30th July 2015 in Maths.
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  • 1 Answer(s)

    Answer: (4) 4.5 %
    Explanation:-
    Let the cost price of an article = Rs.100
    A shopkeeper marks 10 % increase of the cost price.
    Then, the price of an article = 100 + 100 x 10/100
    = 100 + 10
    = Rs.110
    He gave 5 % discount,
    Then, the selling price of an article = 110 – 110 x 5/100
    = 110 – 5 . 5
    = 104.5
    Profit % = 104.5 – 100
    = 4.5 %
    Hence, the answer is (4) 4.5 %.

    Anurag Mishra Professor Answered on 30th July 2015.
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