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A shopkeeper marks his goods at 30% above the cost price but allows a discount of 10% at the time of sale. His gain is
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- 21%
- 20%
- 18%
- 17%
Correct Option: D
Let the CP of the article be 100.
According to the question,
The marked price = ₹ 130
Discount = 10%
∴ SP = 90% of 130 = | = ₹ 117 | |
100 |
∴ Gain = 117 – 100 = ₹ 17
∴ Gain percent = 17% since the CP = ₹ 100
2nd method to solve this question.
Here, r = 30%, r1 = 10%
gain % = | − r1 | |
100 |
gain % = | − 10 | |
100 |
gain % = | − 10 = 17 % | |
100 |