Multiple choice

On reducing the marked price of an article by 32, a shopkeeper gains 15%. If the cost price of the article be Rs.320 and it is sold at the marked price. What will be the gain percent?

  1. 10%

  2. 20%

  3. 25%

  4. 12%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost Price = 320. Gain = 15%, so Selling Price = 320 * 1.15 = 368. Marked Price - 32 = 368, so Marked Price = 400. If sold at Marked Price (400), Gain = 400 - 320 = 80. Gain % = (80/320) * 100 = 25%.