Multiple Choice Questions on A shopkeeper increases the cost price of an item by 20 and offers a discount of 10 on this marked pr........... for CDS Exam Preparation

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Multiple Choice Questions

A shopkeeper increases the cost price of an item by 20 and offers a discount of 10 on this marked pr...........

Quantitative Aptitude (CDS) Profit and loss
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    A shopkeeper increases the cost price of an item by 20% and offers a discount of 10% on this marked price. What is his percentage gain?

    15%

    Incorrect Answer

    12%

    Incorrect Answer

    10%

    Incorrect Answer

    8%

    Correct Answer
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    Explanation:

    Let cost price =Rs.100
    Market price =100+(100×20) / 100 =Rs.120
    Selling price after discount  =120−(120×10) / 100 =120−12=Rs.108
    Profit =(108−100) /100×100 =8%
    Hence option (4)

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