NIFT UG 2020 Question Paper with solutions

Question : 21 of 150

Marks: +1, -0

A shopkeeper sold his goods at half the list price and thus lost

20 \%

. If he had sold on the listed price, his gain percentage would be

Solution:

Let the

{CP}

of goods

=₹ x

and list price

=₹ P

As, there is

20 \%

loss, therefore

{SP}=80 \%

x=0.8 x

According to the question,

0.8 x=\;{P}/{2}

⇒ \;\; P=₹ 1.6 x

Now, gain per cent by selling the goods on listed price

=\;{1.6 x-x}/{x} × 100 \%

=60 \%

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