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

    Question

    A vendor priced an item 45% higher than its cost price. If

    he sells it at a 5% discount, what is the vendor's gain percentage?
    A 6.25% Correct Answer Incorrect Answer
    B 15.27% Correct Answer Incorrect Answer
    C 42.51% Correct Answer Incorrect Answer
    D 37.75% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the item be Rs. '150b'

    So, marked price = 150b * 1.45 = Rs. '217.5b'

    So, selling price = 217.5b * 0.95 = Rs. '206.625b'

    So, required gain percentage = {(206.625b - 150b)/150b} * 100 = 37.75%

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