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    Question

    On reducing the marked price of his goods by ₹28, a

    shopkeeper gains 20%. If the cost price of the article be ₹560 and it is sold at the marked price, what will be the gain percent
    A 25% Correct Answer Incorrect Answer
    B 42% Correct Answer Incorrect Answer
    C 16% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer

    Solution

    Given profit % = 20% CP =560 SP = 560×120/100 = 672Rs ATQ- MP-28= 672 MP = 700 Rs If sold at the marked price so now we take as selling price value of MP. SP =700 So, profit = SP -CP = 700-560 = 140 Profit % = (140/560) ×100 = 25%

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