Profit and Loss Practice Test 6

Question : 7 of 40

Marks: +1, -0

A retailer buys goods at 20% discount on the marked price. He sells the goods at 10% discount and still manages to get 20% profit. By what per cent his second marked price greater than the original marked price?

6.67%
11.12%
10%
33.34%
12.5%

Validate

Solution:

\table \Original \MP, {––––––––▶}↖{ 20% \Discount },\CP ,{––––––––▶}↖{ 20% \Gain } ,\SP;100 ,,80 ,,96

Retailer’s MP

= 96 ×10/9 =106.67

Percentage increase in comparison to the original MP = 6.67%

Go to Question:

Prev Question

Next Question