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Question
A shopkeeper marks his goods at 30 percent above the cost price and then gives a discount of 10 percent. Find his gain percent.
Solution
Let C.P. of the goods = Rs.100
M.P. of the goods = Rs.100 + Rs.30
= Rs.130
Discount =`10/100xx"Rs."130`
= Rs.`1300/100`
= Rs.13
S.P. of the goods = M.P. − Discount
= Rs.130 − Rs.13
= Rs.117
Gain = S.P. − C.P.
= Rs.117 − Rs.100
= Rs.17
Gain% `="Gain"/"C.P."xx100`
`=17/100xx100`
= 17%
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