His Gain Percent is

A shopkeeper claims to sell his articles at a discount of 10 % but marks his articles by increasing the cost of each be 40 % . His gain percent is

  1. 26%
  2. 29%
  3. 30%
  4. 35%
Abhay Default Asked on 29th July 2015 in Maths.
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  • 1 Answer(s)

    Answer: (1) 26 %
    Explanation:-
    Let the cost price of an article = Rs.100
    A shopkeeper marks his article by increasing the cost of 40 %.
    Then, the selling price = 100 + 100 x 40/100
    = 100 + 40
    = Rs.140

    He gave 10 % discount,
    Then, The selling price = 140 – 140 x 10/100
    = 140 – 14
    = Rs.126
    Gain percent = 126 – 100
    = 26 %
    Hence, the answer is (1) 26 %.

    Anurag Mishra Professor Answered on 29th July 2015.
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