Profit and Loss Practice Test 5

Question : 20 of 40

Marks: +1, -0

A shopkeeper marks his goods at

1 2 /3

of his cost price and allows a discount of 10%. What per cent does he gain or lose?

Solution:

Let C.P. = Rs. 100; then marked price =

5/3×100

= Rs.

500/3

Since, S.P. =

90/100×500/3

= Rs. 150
Hence, Gain % = 150 – 100 = 50%

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