Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The marked price of a mobile phone is 12% more than its cost price. If a discount of 8% is given on the marked price, then the gain percent is:

Options:

2.92%

2.12%

3.04%

4.03%

Correct Answer:

3.04%

Explanation:

 (Let) CP            (Then) MP

100                     112

After a discount of 12% on mp the selling price  =  \(\frac{112 × 92}{100}\) = 103.04 

Profit = 103.04 - 100 = 3.04%