Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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:

Options:

18%

12%

8%

16%

Correct Answer:

8%

Explanation:

ATQ,

(Let)           CP                   MP                      SP

                 100                 120                   108

Profit =      108 - 100 = 8%