Discussion Forum : True Discount
Question -
When a shopkeeper gives 10% discount on the list price of a toy, his gain is 20%. If he had given a discount of 20%, his percentage of gain would have been
Answer: Option B
Answer: (b)Let the cost price of toy be Rs.100 and the marked price be x.${x × 90}/100 = 120$$x = {120 × 100}/90$ = Rs.$400/3$S.P. after a discount of 20%= 80% of $400/3$= ${400 × 80}/300 = 320/3 = 106{2}/3$Profit percent=$106{2}/3 - 100 = 6{2}/3$%
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Answer: (b)Let the cost price of toy be Rs.100 and the marked price be x.${x × 90}/100 = 120$$x = {120 × 100}/90$ = Rs.$400/3$S.P. after a discount of 20%= 80% of $400/3$= ${400 × 80}/300 = 320/3 = 106{2}/3$Profit percent=$106{2}/3 - 100 = 6{2}/3$%
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