The marked price of a T-shirt is Rs560. The shopkeeper Krishna allows a discount of 16% and gains 12%. What would be the gain of Krishna if no discount is allowed?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. % .
SP = MP × [(100 - D)/100]
SP = CP × [(100 + P)/100]
According to the given question,
SP = 560 × [(100 - 16)/100]
⇒ 560 × 84/100 = 470.4
Now, 470.4 = CP × [(100 + 12)/100]
⇒ CP = 470.4 × 100/112
⇒ CP = 420
Now, profit when no discount is given = 560 - 420
⇒ 140
Required percentage = (140/420) × 100
⇒ 100/3 = %