Multiple Choice Questions on A shopkeeper gains 15 after allowing a discount of 20 on the market price of an article Find his pro........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper gains 15 after allowing a discount of 20 on the market price of an article Find his pro...........

Quant (SSC) Profit and loss
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    A shopkeeper gains 15% after allowing a discount of 20% on the market price of an article. Find his profit %, if the articles are sold at market price allowing no discount ?

    50%

    Incorrect Answer

    53.75%

    Incorrect Answer

    43.76%

    Correct Answer

    45%

    Incorrect Answer
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    Explanation:

    Market price = Rs.100
    SP = Rs.80, Discount = 20
    Gain = 15%
    CP = 80*100/115 = 69.56
    Profit % = [100-69.56/69.56]*100
    = 30.44*100/69.56
    = 43.76%

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