Question

The marked price of an electric iron is Rs.300. The shopkeeper allows a discount of 12% and still gains 10%. If no discount is allowed his gain percentage would have been

• A. 20%
• B. 25%
• C. 27%
• D. 30%

Answer 1

Answer: (B)

25%

M.P. = Rs.300

Discount = 12%

$\therefore$ S.P. = Rs.300 - 12% of Rs.300 = Rs. 300 - Rs.36 = Rs.264
Gain = 10%

$\therefore$ C.P. = Rs.$\left(\frac{264\times 100}{110}\right)=Rs.240$
Had there been no disount S.P. would have been Rs.300
$\therefore$ Profit % $=\frac{(300-240)}{240}\times 100=\frac{60}{240}\times 100=25\%$