TS ICET 23 May 2019 Shift 2 Paper

Question : 93 of 200

Marks: +1, -0

A person buys a car at 20% discount of the original price and sells it at 20% higher than the original price. The percentage gain in this transaction is

20
40
50
$66 2/3$

Validate

Solution:

Let the marked price of the car be 100. Then the person’s cost price is 80 and his selling price is 120.
The required profit percentage

={120-80}/00×100

i.e 50%

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