Question : A trader marks the sale price 25% more than the cost price and gives a 10% discount at the time of selling. The gain percentage is ____.
Option 1: $12\frac{1}{2}$%
Option 2: $12\frac{1}{3}$%
Option 3: $11\frac{1}{2}$%
Option 4: $12$%
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: $12\frac{1}{2}$%
Solution : The trader marks the selling price as 25% more than the cost price. So, the marked price (MP) = CP + 0.25 × CP = 1.25 × CP ----------------(i) Then, the trader gives a 10% discount at the time of selling. So, the selling price (SP) = MP – 0.10 × MP ⇒ SP = 0.90 × MP From equation (i), we get, SP = 0.90 × 1.25 ×CP = 1.125 × CP The gain percentage is: $= \frac{SP - CP}{CP} \times 100 = \frac{1.125CP - CP}{CP} \times 100 = 12.5 =12\frac{1}{2}$% Hence, the correct answer is $12\frac{1}{2}\%$.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. What is the gain or loss percentage?
Question : If the selling price of 9 boxes is equal to the cost price of 15 boxes. The gain percentage is (The selling price of all boxes is the same and the cost price of all boxes is the same):
Question : If profit is $\frac{1}{11}$th of the selling price, what is the profit percentage?
Question : A treader wishes to gain 20% after allowing a 10% discount on the marked price to his customers. At what percent higher than the cost price must he mark up his goods?
Question : The marked price of an article is 40% more than its cost price. If a 25% discount is given, what will be the profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile