📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      A shopkeeper sells an item for ₹7200 and gains 20% on

      the cost price. If he sells the same item at ₹8000, what will be his percentage gain?
      A 25% Correct Answer Incorrect Answer
      B 30% Correct Answer Incorrect Answer
      C 33.3% Correct Answer Incorrect Answer
      D 40.5% Correct Answer Incorrect Answer

      Solution

      Let the cost price of the item be ₹x. Selling price at ₹7200 gives a gain of 20%, so: 7200 = x + 20% of x = x + 0.2x = 1.2x, x = 7200 / 1.2 = ₹6000. Now, if the shopkeeper sells the item for ₹8000, the gain will be: Gain = Selling price - Cost price = 8000 - 6000 = ₹2000. Percentage gain = (Gain / Cost price) × 100 = (2000 / 6000) × 100 = 33.33%. Correct option: c

      Practice Next
      ask-question