How much percent more than the cost price should a shopkeeper mark hi…

Question

How much percent more than the cost price should a shopkeeper mark his goods so that after allowing a discount of 25% on the marked price, he gain 20% ?

Accepted Answer

Option C. 60%. Answer & Solution Answer: Option C Solution: & Let the cost price = Rs . 100 & Selling price = 120\% of 100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs . 120 & Market price = 120 × 10075 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,…