Profit and Loss Practice Test 1

Question : 37 of 40

Marks: +1, -0

The marked price of a radio is 20% more than its cost price. If a discount of 10% is given on the marked price, the gain percentage is:

Solution:

Let C.P. be Rs. 100; then marked price = Rs. 120
Since, S.P.

=90/100×120=108

∴ Profit = 108 – 100 = Rs. 8, Hence, gain = 8%

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