Multiple Choice Questions on A shopkeeper marks his goods 40 above the cost price and allows a discount of 25 on it His gain is ........ for SSC CGL Exam Preparation

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Multiple Choice Questions

A shopkeeper marks his goods 40 above the cost price and allows a discount of 25 on it His gain is ........

Quantitative Aptitude (CGL) Profit and loss
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    A shopkeeper marks his goods 40% above the cost price and allows a discount of 25% on it. His gain % is

    5%

    Correct Answer

    10%

    Incorrect Answer

    15%

    Incorrect Answer

    20%

    Incorrect Answer
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    Explanation:

    Marked price = 1.4*CP;
    Discounted price = 0.75*1.4*CP= 1.05*CP;
    % gain = (1.05CP-CP)*100/CP = 5%.

    By: MIRZA SADDAM HUSSAIN
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