Multiple choice

A shopkeeper purchased a chair marked at 800, at two successive discounts of 10% and 15% respectively. He spent 28 on transportation and sold the chair for 800. His gain percent is:

  1. 40%

  2. 30%

  3. 25%

  4. 14%

  5. 0

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

Marked Price = 800. After 10% and 15% discounts: 800 * 0.9 * 0.85 = 612. Total Cost = 612 + 28 = 640. Selling Price = 800. Gain = 800 - 640 = 160. Gain % = (160/640) * 100 = 25%.

AI explanation

The purchase price after successive discounts of 10 percent and 15 percent on 800 is 800 * 0.90 * 0.85 = 612. Adding 28 for transportation brings the total cost price to 612 + 28 = 640. Using the gain percentage formula, which is [(selling price - cost price) / cost price] * 100, we get [(800 - 640) / 640] * 100, resulting in a 25 percent gain.