Profit and Loss Practice Test 8

Question : 37 of 40

Marks: +1, -0

A shopkeeper marks the selling price of his goods in such a way that after giving a discount of 10%, he gains 17%. How much per cent above the cost price is the marked price?

Validate

Solution:

Let the cost price = Rs 100
Selling price = x
After discount, SP

=x-10/100x={9x}/10

Gain per cent

={SP-CP}/\CP ×100

17={{9x}/10-100}/100×100

17={{9x}/10-100}

x = 130

So, SP = Rs 130 CP = Rs 100
Required percentage

={130-100}/100 ×100=30%

Go to Question:

Prev Question

Next Question