Profit and Loss Practice Test 2

Question : 16 of 40

Marks: +1, -0

Gopal bought an item at 20% discount on its marked price. He sold it with 40% increase on the pricehe bought it. The new selling price is by what per cent more than the marked price?

12%
10%
8%
7.5%

Validate

Solution:

Let marked price = Rs. 100; then C.P. for Gopal = Rs. 80
Since, S.P. for Gopal =

140/100× 80

= Rs. 112
Hence, required percentage = 112 – 100 = 12%

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