Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper allows 10% discount on the marked price of an article and still gains 17%. If he gives 15% discount on the marked price, then his profit percent is:

Options:

12

10.5

12.5

10

Correct Answer:

10.5

Explanation:

        CP                    MP

      100 - D%           100 + P%

     100 - 10%           100 + 17%

         90                      117

Discount offered 15% on the MP = 

Selling price = 85% of the marked price = 85% of 117 = 99.45

Profit%= (99.45 - 90 ) × \(\frac{100}{90}\) = 10.5%