A trader marked the price of a product in such a way that it is 20% more than the cost price. If he allows 10% discount on the marked price to the customer then his gain is -
A. 8%
B. 10%
C. 15%
D. 20%
Answer: Option A
Solution(By Examveda Team)
Let Cost price= Rs. 100Then,
Marked price = Rs. 120
Selling price = 90% of Rs. 120
$$\eqalign{ & = {\text{Rs}}{\text{.}}\left( {\frac{{90}}{{100}} \times 120} \right) \cr & = {\text{Rs}}{\text{.108}}{\text{}} \cr} $$
∴ Profit % = (108 - 100) % = 8%
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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