ssccglapex

A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:

A. 21% B. 20% C. 18% D. 17% Answer: Option D
Show Answer

Solution(By Apex Team)

Let the cost price be Rs. 100 then the mark up price which is 30% above the cost price, Mark price = (100 + 30% of 100) = Rs. 130 Shopkeeper gives a discount of 10% on mark up price, then the Selling Price = (130 – 10% of 130) = Rs. 117 Gain = 117 – 100 = Rs. 17 $\text{%gain }=\frac{17\times100}{100}=17\%$ Short Cut method: 100(CP) == 30%↑ ⇒ 130(MP) == 10%↓ ⇒ 117(SP) Gain = 17%

Related Questions on Profit and Loss


A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:

A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
Show Answer

By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
Show Answer

A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
Show Answer

A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was.

A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Show Answer



More Related Questions on Profit and Loss