New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A merchant marked a product 30% above its cost price. If he

    sold the product at a 20% discount, what is the merchant's gain percentage?
    A 12% Correct Answer Incorrect Answer
    B 17% Correct Answer Incorrect Answer
    C 1% Correct Answer Incorrect Answer
    D 4% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the product be Rs. '100y'

    So, marked price = 100y * 1.3 = Rs. '130y'

    So, selling price = 130y * 0.80 = Rs. '104y'

    So, required gain percentage = {(104y - 100y)/100y} * 100 = 4%

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