📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The marked price of a watch is Rs 3,025. The shopkeeper

    allows a discount of 20% and gains 25%. If no discount is allowed, what would his gain percent be?
    A 56.25 % Correct Answer Incorrect Answer
    B 66.66% Correct Answer Incorrect Answer
    C 33.33% Correct Answer Incorrect Answer
    D 12.5% Correct Answer Incorrect Answer

    Solution

    MP of a watch = Rs 3,025 CP of watch = 3,025 × 80/100 × 100/125 = Rs 1,936 Total profit without discount = 3,025 – 1,936 = Rs 1,089 ∴ Gain % = 1,089/1,936×100 = 56.25% Alternate method: Net gain after Mark up of M% & discount of D % = M-D-MD/100 25= M-20+(M×20)/100 45=M-M/5 Or 45 =4M/5 or M = 56.25% So if there is no discount , profit % = Mark up % = 56.25%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question