Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Mohan offers to sell his articles at a discount of 20%, but he marks his articles by increasing the price of each by 35%. What percentage would his gain be?

Options:

10%

7%

8%

9%

Correct Answer:

8%

Explanation:

Let the marked price of the article = 100

Markup = 35%

Marked price = 135% of 100 = 135

Discount = 20%

Selling price of the article = 80% of 135

80% of 135 = 108

Profit = 108 - 100 = 8

Profit% = 8 × \(\frac{100}{100}\) = 8%