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To gain 8% after allowing a discount of 10%, by what percent cost price should be hiked in the list price ?
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- 9%
- 11%
- 18%
- 20%
Correct Option: D
Let the cost price be ₹ 100 and marked price be p.
∴ | = 108 | |
100 |
⇒ | = 108 | |
10 |
⇒ p = | = 120 | |
9 |
Required Percent = 20%
2nd method to solve this question.
Here, Gain % = 8%,, r1 = 10%, r = ?
Gain % = | − r1 | |
100 |
8 = | − 10 | |
100 |
8 = | − 10 | |
9 |
18 = | = 20% | |
9 |