Question : The marked price of a saree is Rs. 200. After allowing a discount of 20% on the marked price, the shopkeeper makes a profit of Rs.16. Find the gain percentage:
Option 1: $11\frac{1}{9}$%
Option 2: $9\frac{1}{11}$%
Option 3: $11$%
Option 4: $8$%
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: $11\frac{1}{9}$%
Solution :
Selling price = 200 - 200×$\frac{20}{100}$ = Rs. 160
Cost price = Selling price – Profit = 160 – 16 = Rs. 144
Gain % = $\frac{Gain}{\text{Cost price}}×100 = \frac{16}{144}×100=\frac{100}{9}$ = $11\frac{1}{9}$%
Hence, the correct answer is $11\frac{1}{9}$%.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
