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How much percent more than the cost price should a shopkeeper mark his goods so that after allowing a discount of 25% on the marked price, he gains 20% ?
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- 70%
- 50%
- 60%
- 55%
Correct Option: C
Given that , discount = 25% and gains = 20%
Let C.P.of article = 100
If the marked price of article be y, then
y × | = 120 | |
100 |
⇒ y = | = 160 | |
75 |
⇒ 160 - 100 = ₹ 60 i.e. 60% above the cost price .
Second method to solve this question :
Here . r = 25%, R = 20%
Required percentage = | × 100 | % | |||
100 − r |
Required percentage = | × 100% | |||
100 − 25 |
Required percentage = | × 100 = 60% | |
75 |