(C) The selling price $(S.P.)$ is given by $S.P. = C.P. \times (1 + \frac{\text{profit } \%}{100})$.Given $S.P. = 300$ and profit $\% = 20$,we have $3

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

(C) The selling price $(S.P.)$ is given by $S.P. = C.P. \times (1 + \frac{\text{profit } \%}{100})$.Given $S.P. = 300$ and profit $\% = 20$,we have $300 = C.P. \times (1 + 0.20)$.Therefore,$C.P. = \frac{300}{1.2} = Rs. 250$.The marked price is $Rs. 300$. During the sale,a discount of $10 \%$ is allowed.New $S.P. = 300 \times (1 - \frac{10}{100}) = 300 \times 0.9 = Rs. 270$.Gain $\% = \frac{S.P. - C.P.}{C.P.} \times 100 = \frac{270 - 250}{250} \times 100 = \frac{20}{250} \times 100 = 8 \%$.

Competitive Quantitative Aptitude Profit and Loss Profit and Loss

Difficult

By selling an umbrella for $Rs. 300$,a shopkeeper gains $20 \%$. During a clearance sale,the shopkeeper allows a discount of $10 \%$ on the marked price. His gain per cent during the sale is

A
$7$
B
$7.5$
C
$8$
D
$9$

Explore More

Browse All

Question Bank

All Subjects

Competitive Questions

Competitive

Quantitative Aptitude Questions

Chapter

Profit and Loss

Subtopic

Profit and Loss

$A$ shopkeeper cheats to the extent of $10 \%$ while buying as well as selling by using false weights. His total gain percentage is:

Medium

View Solution

$A$ tradesman gives $4 \%$ discount on the marked price and gives one article free for buying every $15$ articles and thus gains $35 \%$. The marked price is approximately how much percent above the $CP$?

Medium

View Solution

By selling cloth at $Rs. 9$ per meter,a shopkeeper loses $10 \%$. Find the rate at which it should be sold so as to earn a profit of $15 \%$ (in $Rs.$).

Difficult

View Solution

$A$ sells an article to $B$ for $₹ 45,000$ losing $10 \%$ in the transaction. $B$ sells it to $C$ at a price which would have given a profit of $10 \%$ to $A$. By what per cent does $B$ gain?

Medium

View Solution

$A$ man sold his two cars for $Rs. 4.5$ lakh each. In the sale of the first car, he incurred $20\%$ profit, and in the sale of the second, he incurred $20\%$ loss. What is the total amount of profit or loss?

Difficult

View Solution

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial

For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free

For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo

By selling an umbrella for $Rs. 300$,a shopkeeper gains $20 \%$. During a clearance sale,the shopkeeper allows a discount of $10 \%$ on the marked price. His gain per cent during the sale is

Similar Questions

$A$ shopkeeper cheats to the extent of $10 \%$ while buying as well as selling by using false weights. His total gain percentage is:

$A$ tradesman gives $4 \%$ discount on the marked price and gives one article free for buying every $15$ articles and thus gains $35 \%$. The marked price is approximately how much percent above the $CP$?

By selling cloth at $Rs. 9$ per meter,a shopkeeper loses $10 \%$. Find the rate at which it should be sold so as to earn a profit of $15 \%$ (in $Rs.$).

$A$ sells an article to $B$ for $₹ 45,000$ losing $10 \%$ in the transaction. $B$ sells it to $C$ at a price which would have given a profit of $10 \%$ to $A$. By what per cent does $B$ gain?

$A$ man sold his two cars for $Rs. 4.5$ lakh each. In the sale of the first car, he incurred $20\%$ profit, and in the sale of the second, he incurred $20\%$ loss. What is the total amount of profit or loss?

Vedclass Test Series

Exam Paper Generator

Online Exam Module