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........... 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...........

Quantitative Aptitude ( CCS) Profit and loss
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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

    20/3%

    Correct Answer
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    Explanation:

    Let list price = Rs.100. Commission = 10%
    => S.P. = Rs.90, Gain = 20%
    => C.P. = Rs.(100/120*90) = Rs.75
    New S.P. = Rs.80
    New gain % = 5/75*100 = 20/3 %

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