Multiple Choice Questions on If a commission of 10 is given on the written price of an article the gain is 20 Find the gain per c........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If a commission of 10 is given on the written price of an article the gain is 20 Find the gain per c...........

Quantitative Aptitude ( CCS) Number System
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    If a commission of 10% is given on the written price of an article, the gain is 20%. Find the gain per cent, if the commission is increased to 20%.

    2/3%

    Incorrect Answer

    3/2%

    Incorrect Answer

    23%                     

    Incorrect Answer

    none of these

    Correct Answer
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    Explanation:

    Let the marked price MP be X, CP be 100rs thus SP will be 120 since 20% gain...
    For 10% commission the MP will be:
    SP = X-10%X = 133.33
    For 20% commission the profit will be:
    133.33-20% of 133.33 = 106.664
    thus profit is 6.664 which is (20/3)approx.

    Hence, option 4 is the correct answer.

    By: MIRZA SADDAM HUSSAIN
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