Question 141

The marked price of a shop keeper for an article is 30% higher than the cost price. If he sells the article allowing 10% discount to customers, then the gain percent will be :

Solution

MP = 1.3CP
SP = 0.9*1.3CP
%gain = $$\frac{SP-CP}{CP}\times100$$
= $$\frac{(0.9*1.3CP)-CP}{CP}\times100$$
= 17%



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