Q349
If a commission at the rate of 10% is given to a bookseller on the marked price of a book by the publisher, the publisher gains 20% . If the commission is increased to 15% , then the gain percent would be = ?
A.
B.
Answer
C.
D.
Answer: Option B
Solution
Answer: Option B
Solution:
Let CP = 100 and Marked Price = xSP = 100 + 20% of 100 = 120
10% commision was given on SP
SP = x - 10% of x
If 15% commission was given, then
SP = 133.33 - 15% of 133.33
SP = 133.33 - 20
SP = 113.33
Gain = 113.33 - 100
% Gain = 13.33% or