Profit and Loss Practice Test 6

Question : 33 of 40

Marks: +1, -0

If a commission of 10% is given on the marked price of an article, then the gain is20%. If the commission is increased to 20%,then the gain percentage is:

10%
$16 2/3%$
$8 2/3%$
$6 2/3%$

Validate

Solution:

\table \MP ,\Commission ,\SP ,\Profit ,\CP;100 ,10%, 90 ,20%, x = 75;100 ,20% ,80, y ,75

SP = CP + Profit % of CP

90=x+20/100x

x={90×100}/120=75

Cost price = Rs 75
Profit per cent

={80-75}/75×100= 6 2/3%

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