Question : A shopkeeper marked the selling price of his goods in such a way that after giving a discount of 10% he gains 17%. How much percent above the cost price is the marked price?
Option 1: 36%
Option 2:
27%
Option 3:
30%
Option 4:
40%
Correct Answer:
30%
Solution :
Let the cost price of the article be Rs. 100 and marked price be $y$.
Selling price after discount = selling price after earning profit
So, $y\times\frac{90}{100}=117$
⇒ $y =\frac{117\times 100}{90}=$ Rs. 130
which is 30% more than the cost price.
Hence, the correct answer is 30%.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
