Profit and Loss - What would be the gain% on the product if the Shopkeeper doesn’t allow any discount?

Question of The Day13-07-2020

A shopkeeper intends to sell a product Marked at ₹ 1250 at 25% gain after allowing a discount of 20%. What would be the gain% on the product if he doesn’t allow any discount?

Answer

Correct Answer : c ) \(56.25\)%

Explanation :

We know that,

\({MP \over CP} \)=\( {100 \pm {Profit / loss} \space \% \over {100-Discount} \space \% }\)

\({1250 \over CP}={1258 \over 80}\)

CP = ₹ 800

Now, if no discount has been given then the marked price will be the selling price for the product

Selling Price = Marked price = ₹ 1250

We know,

\(Gain \%={Selling \space price-Cost \space price \over Cost \space price}*100\)

⇒\({1250-800 \over 800}*100=56.25\)%

Hence, (c) is the correct answer.

Such type of question is asked in various government exams like SSC CGL, SSC MTS, SSC CPO, SSC CHSL, RRB JE, RRB NTPC, RRB GROUP D, RRB OFFICER SCALE-I, IBPS PO, IBPS SO, RRB Office Assistant, IBPS Clerk, RBI Assistant, IBPS RRB OFFICER SCALE 2&3, UPSC CDS, UPSC NDA etc.

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