A shopkeeper fixes the marked price of his goods at 25% above the cost price. He sells 60% of the goods at the marked price and the rest at a discount of 40%. What is his gain/loss percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Gain: 5%.
Marked Price (MP) = ₹100 + 25% of 100 = ₹125
Selling price = 60% of ₹125 = 0.60 × 125 = ₹75
These are sold at 40% discount on MP, so:
Selling Price = 60% of MP = 0.60 × 125 = ₹750
Selling price = 40% of ₹75 = 0.40 × 75 = ₹30
Total CP = ₹100 (for full goods)
Total SP = ₹75 (from 60% sold at MP) + ₹30 (from 40% sold at discount) = ₹105
Profit = ₹105 - ₹100 = ₹5
Profit % =