Question
Download Solution PDFA shopkeeper marks his goods at 90% more than their cost price and allows a discount of 40% on the marked price. His gain percentage is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked price = 190% × C.P
Discount = 40%
Concept used:
If discount = D%
Selling price = M.P × (100 - D)%
Gain = Selling price - cost price
Gain% = (Gain × 100)/cost price
Calculation:
Let the C.P = 100x
Marked price = 100x × 190% = Rs.190x
Selling price = 190x × (100 - 40)%
⇒ 190 × 60% = 114x
Gain% = {(114x - 100x) × 100}/100x
⇒ 14%
∴ The correct answer is 14%.
Last updated on Jun 24, 2025
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