Multiple choice

The marked price of an electric iron is Rs 300. The shopkeeper allows a discount of 12% and still gains 10%. If no discount is allowed, his gain percent would have been :

  1. 20

  2. 25

  3. 27

  4. 30
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Marked price = Rs 300. After 12% discount, selling price = 300 × 0.88 = Rs 264. At 10% profit, cost price = 264/1.1 = Rs 240. Without discount, selling at Rs 300 gives profit = 60 on 240, which is 60/240 × 100 = 25%.

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