Home » Aptitude » Profit and Loss » Question
  1. A shopkeeper gains 20% while buying the goods and 30% while selling them. Find his total gain percent.
    1. 50%
    2. 36%
    3. 56%
    4. 40%
Correct Option: C

As we know that ,
For two consecutive gains of a % and b %,

Effective gain =a + b + ab%
100

Here , a = 20% , b = 30%
His total gain percent = 20 + 30 + 20 × 30%
100

∴ Total gain percent = 50 + 600 = 56%
100



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