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Question
Selling an item for ₹1800 at a discount of 10% a shopkeeper had a gain of ₹200. Had he sold the item without discount the percentage of profit would have been
Options
10%
20%
25%
30%
MCQ
Solution
25%
Explanation :
MP = SP x `100/(100-r)`
= `1800xx100/(100-10)=1800xx100/90= ₹2000`
CP = 1800 - 200 = 1600
Profit% = `(MP-CP)/(CP)xx100`
= `(2000-1600)/1600xx100=400/1600xx100`
= 25%
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Profit and Loss (Entrance Exam)
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