A shopkeeper claims to sell his article at a discount of 10%, but marks his articles by increasing the cost of each by 20%. His gain percentage is:
Answer & explanation
Correct answer: option 3
ATQ,
(Let) CP MP SP
100 120 108
Profit = 108 - 100 = 8%
A shopkeeper claims to sell his article at a discount of 10%, but marks his articles by increasing the cost of each by 20%. His gain percentage is:
Correct answer: option 3
ATQ,
(Let) CP MP SP
100 120 108
Profit = 108 - 100 = 8%