Question 96

If a shopkeeper wants to give 20% discount on a toy, he has to sell it for Rs.300. If he sells it at Rs.405, then his gain percentage is

Solution

let the initial price of the toy be `100x

the shopkeeper is giving 20% discount

that means he is selling for 80x

given that 80x = 300

so,x=3.75

therefore initial price = 100*3.75

=>375

and he sells for 405

so the gain percent is 405-375/405*100

=>8%

hence answer is option c

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