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A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:
- a)17%
- b)12%
- c)10%
- d)8%
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
A shopkeeper marks his goods 30% above his cost price but allows a dis...
Using successive changes formula
a + b + ab/100
= 20 - 10 + 20(-10)/100
= 10 - 2 = 8% profit
a + b + ab/100
= 20 - 10 + 20(-10)/100
= 10 - 2 = 8% profit
Most Upvoted Answer
A shopkeeper marks his goods 30% above his cost price but allows a dis...
Given information:
- The shopkeeper marks his goods 30% above his cost price.
- The shopkeeper allows a discount of 10% at the time of sale.
Calculating the selling price:
Let's assume the cost price of the goods is $100.
The shopkeeper marks the goods 30% above the cost price, so the marked price will be:
Marked price = Cost price + 30% of cost price
= $100 + ($100 * 30/100)
= $100 + $30
= $130
The shopkeeper allows a discount of 10% at the time of sale, so the selling price after the discount will be:
Selling price = Marked price - 10% of marked price
= $130 - ($130 * 10/100)
= $130 - $13
= $117
Calculating the gain:
The gain is the difference between the selling price and the cost price.
Gain = Selling price - Cost price
= $117 - $100
= $17
Calculating the gain percentage:
The gain percentage is calculated with respect to the cost price.
Gain percentage = (Gain / Cost price) * 100
= ($17 / $100) * 100
= 17%
Therefore, the shopkeeper's gain is 17%.
Conclusion:
The correct answer is option 'D' (8%)
- The shopkeeper marks his goods 30% above his cost price.
- The shopkeeper allows a discount of 10% at the time of sale.
Calculating the selling price:
Let's assume the cost price of the goods is $100.
The shopkeeper marks the goods 30% above the cost price, so the marked price will be:
Marked price = Cost price + 30% of cost price
= $100 + ($100 * 30/100)
= $100 + $30
= $130
The shopkeeper allows a discount of 10% at the time of sale, so the selling price after the discount will be:
Selling price = Marked price - 10% of marked price
= $130 - ($130 * 10/100)
= $130 - $13
= $117
Calculating the gain:
The gain is the difference between the selling price and the cost price.
Gain = Selling price - Cost price
= $117 - $100
= $17
Calculating the gain percentage:
The gain percentage is calculated with respect to the cost price.
Gain percentage = (Gain / Cost price) * 100
= ($17 / $100) * 100
= 17%
Therefore, the shopkeeper's gain is 17%.
Conclusion:
The correct answer is option 'D' (8%)
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Community Answer
A shopkeeper marks his goods 30% above his cost price but allows a dis...
Let the cost price be Rs. 100.
then the mark up price which is 30% above the cost price,
Mark price = (100 + 30% of 100) = Rs. 130
Shopkeeper gives a discount of 10% on mark up price, then the
Selling Price = (130 - 10% 0f 130) = Rs. 117.
Gain = 117-100 = Rs. 17
%gain = (17*100)/100 = 17%.
Short Cut method:
100(CP)==30%↑==>130(MP)==10%↓==>117(SP).
Gain = 17%.
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A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:a)17%b)12%c)10%d)8%Correct answer is option 'D'. Can you explain this answer?
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A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:a)17%b)12%c)10%d)8%Correct answer is option 'D'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:a)17%b)12%c)10%d)8%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:a)17%b)12%c)10%d)8%Correct answer is option 'D'. Can you explain this answer?.
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