Multiple choice

Rahul purchased a pressure cooker at 9/10th of its marked price, and sold it at 8% more than its marked price. Find his gain percent.

  1. 20%

  2. 30%

  3. 40%

  4. None of these
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A Correct answer
Explanation

Let Marked Price (MP) = 100. Cost Price (CP) = 9/10 * 100 = 90. Selling Price (SP) = 100 + 8% of 100 = 108. Gain = 108 - 90 = 18. Gain % = (18/90) * 100 = 20%.

AI explanation

Let the marked price be Rs. 100. Rahul's cost price is 9/10 of 100, which is Rs. 90, and his selling price is 8% more than 100, which is Rs. 108. His gain is 108 - 90 = Rs. 18 on a cost of Rs. 90. The gain percentage is (18 / 90) * 100 = 20%.

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