A shopkeeper marks an artical at a price 20% higher than its cost price and allows 10% discount. Find his gain percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 8%
Let's assume the cost price = Rs 100
So, the marked price = 100 × 120/100 = Rs 120
After 10% discount, the selling price = 120 × 90/100 = Rs 108
Profit percentage = (108 - 100)/100 = 8%