Multiple Choice Questions

A shopkeeper marks his goods at 40 more than their cost price and allows a discount of 25 on the mar...........

Quantitative Aptitude (CGL) Profit and loss

A shopkeeper marks his goods at 40% more than their cost price and allows a discount of 25% on the marked price. His gain or

loss percent is:

This questions was previously asked in

SSC CGL 6 June 2019 Shift-1

10% loss

15% gain

5% gain

5% loss

Here's a breakdown of this problem:

- Cost Price (CP): Let's assume the cost price is $100.

- Marked Price (MP): The shopkeeper marks it 40% above the CP. This means MP = $100 + 40% of $100 = $140.

- Discount: A 25% discount is given on the MP. This makes the Selling Price (SP) = $140 - 25% of $140 = $140 - $35 = $105.

- Gain/Loss Calculation: The gain is calculated as SP - CP = $105 - $100 = $5.

- Gain Percent: This is calculated as ($5 / $100) * 100 = 5%.

Correct Answer: 3. 5% Gain

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