ABC26GN2832 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2008 · Marks: · Difficulty:
At what percent above the cost price must a shopkeeper mark his goods so that he gains 20\% even after giving a discount of 10\% on the marked price?
(a)25\%
(b)30\%
(c)$33 \frac{1}{3} \%$
(d)$37 \frac{1}{2} \%$
Answer
Explanation
Let C.P. $=₹ 100$. Then, S.P. $=₹ 120$. Let marked price be ₹ $x$. Then, $90 \%$ of $x=120 \Rightarrow x=\left(\frac{120 \times 100}{90}\right)=133 \frac{1}{3}$. $$\therefore \quad \text { Marked price }=33 \frac{1}{3} \% \text { above C.P. }$$
Explanation as extracted from the printed page; notation may be imperfect.
Open in whiteboard · Browse this chapter in the app