Profit and Loss Practice Test 5

Question : 15 of 40

Marks: +1, -0

The marked price of an electric iron is Rs. 300. The shopkeeper allows a discount of 12% and still gains 10%. If no discount is allowed, his gain per cent would have been:

Validate

Solution:

S.P.=88/100×300=264;

then C.P.

=100/110×264=240

Again, S.P. = Rs. 300; C.P. = Rs. 240; then, Gain = 300 – 240 = Rs. 60
∴ Gain

=60/240×100=25%

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