What will be his gain percentage? If

A shopkeeper marks his goods 30 % above the cost price and offers a discount of 10%. What is his gain percentage?

  1. 13%
  2. 15%
  3. 19%
  4. 17%
Monis Rasool Professor Asked on 27th May 2015 in Maths.
Add Comment
1 Answer(s)

Answer: (d) 17%
Explanation:-

Let be the purchase price = Rs.100
market price = 100 + 100 x 30/100 = 100 + 30 = Rs.130
selling price = 90% of 130 = 130 x 90/100 = 117
Profit = 117 – 100 = 17
Profit% = 17 x 100/100 = 17%

Anurag Mishra Professor Answered on 28th May 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.