Question 109

A shopkeeper marks his goods 20% above his cost price and gives 15% discount on the marked price. His gain percent is

Solution

Let cost price = $$100x$$

=> Marked price = $$100x + \frac{20}{100} * 100x = 120x$$

After giving 15% discount, selling price = $$120x - \frac{15}{100} * 120x$$

= $$120x - 18x = 102x$$

Profit % = $$\frac{102x - 100x}{100x} * 100$$ = 2%

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