Practicing Success
The marked price of a radio is Rs 480. The owner allows a discount of 10% and still earns the profit of 8%. If no discount is allowed, find his gain percent? |
12% 15% 18% 20% |
20% |
Market Price = 480 Selling price after discount of 10% = 480 - 10% of 480 = 432 Cost price (considering profit 8%) = \(\frac{ 432}{ 108}\) * 100 = 400 Now, MP = 480 CP = 400 Gain % = \(\frac{\text{480 - 400} }{400 }\) * 100 Gain % = \(\frac{\text{80} }{400 }\) * 100 Gain % = 20% |