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The marked price of an electric iron is ...

The marked price of an electric iron is Rs. 690. The shopkeeper allows a discount of `10%` and gains `8%`. If no discount is allowed, his gain per cent would be

A

`20%`

B

`24%`

C

`25%`

D

`28%`

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the outlined process to find the gain percentage if no discount is allowed. ### Step 1: Calculate the Selling Price after Discount The marked price (MP) of the electric iron is Rs. 690, and the shopkeeper allows a discount of 10%. **Formula for Selling Price (SP):** \[ SP = MP - (Discount \% \times MP) \] **Calculating Discount:** \[ Discount = 10\% \times 690 = \frac{10}{100} \times 690 = 69 \] **Calculating Selling Price:** \[ SP = 690 - 69 = 621 \] ### Step 2: Calculate the Cost Price (CP) The shopkeeper gains 8% on the selling price. **Formula for Cost Price:** \[ CP = \frac{100}{100 + Gain \%} \times SP \] **Calculating Cost Price:** \[ CP = \frac{100}{100 + 8} \times 621 = \frac{100}{108} \times 621 \] **Calculating:** \[ CP = \frac{62100}{108} = 575 \] ### Step 3: Calculate Gain if No Discount is Allowed If no discount is allowed, the selling price would be equal to the marked price. **Selling Price without Discount:** \[ SP_{no\ discount} = MP = 690 \] **Calculating Gain:** \[ Gain = SP_{no\ discount} - CP = 690 - 575 = 115 \] ### Step 4: Calculate Gain Percentage **Formula for Gain Percentage:** \[ Gain\% = \left( \frac{Gain}{CP} \right) \times 100 \] **Calculating Gain Percentage:** \[ Gain\% = \left( \frac{115}{575} \right) \times 100 \] **Calculating:** \[ Gain\% = \frac{11500}{575} = 20 \] ### Final Answer If no discount is allowed, the gain percentage would be **20%**. ---
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S CHAND IIT JEE FOUNDATION-PROFIT AND LOSS AND DISCOUNT -SECTION - B (Question Bank - 11(b))
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