The marked price of an article is ₹750. A shopkeeper allows a discount of 12% and still gains 10%. If no discount were allowed, what would have been his gain percentage?
Show answer & explanation
Correct answer: C
Explanation
Marked price = ₹750
Selling price after 12% discount = 750 × 88/100= ₹660
This selling price is equivalent to a 10% profit on the cost price.
Cost price = 660 / 1.10= ₹600
If no discount were offered, the selling price = ₹750
Profit = 750 − 600 = ₹150
Profit percentage = (150 / 600) × 100 = 25%