Home
Class 14
MATHS
The marked price of an article is rs 400...

The marked price of an article is rs 400. After allowing a discount of 20% on the marked price, a shopkeeper makes profit rs 32. His gain percent is :

A

9

B

`11 1/9`

C

`12 1/9`

D

8

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the selling price after the discount, find the cost price using the profit information, and then calculate the gain percentage. ### Step 1: Calculate the Selling Price (SP) The marked price (MP) of the article is given as Rs 400, and a discount of 20% is allowed on this marked price. \[ \text{Discount} = \frac{20}{100} \times \text{MP} = \frac{20}{100} \times 400 = 80 \] Now, we can calculate the selling price (SP): \[ \text{SP} = \text{MP} - \text{Discount} = 400 - 80 = 320 \] ### Step 2: Calculate the Cost Price (CP) We know that the shopkeeper makes a profit of Rs 32. The relationship between selling price, cost price, and profit is given by: \[ \text{SP} = \text{CP} + \text{Profit} \] Substituting the known values: \[ 320 = \text{CP} + 32 \] To find the cost price (CP), we rearrange the equation: \[ \text{CP} = 320 - 32 = 288 \] ### Step 3: Calculate the Gain Percentage The gain percentage can be calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \] Substituting the values we have: \[ \text{Gain} = 32, \quad \text{CP} = 288 \] \[ \text{Gain Percentage} = \left( \frac{32}{288} \right) \times 100 \] Calculating this gives: \[ \text{Gain Percentage} = \left( \frac{32}{288} \right) \times 100 = \frac{3200}{288} \approx 11.11\% \] ### Final Answer The gain percentage is approximately \( 11 \frac{1}{9}\% \). ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT & LOSS

    MOTHERS|Exercise MULTIPLE CHOICE QUESTIONS|300 Videos
  • RATIO

    MOTHERS|Exercise Ratio Merge Tricks|15 Videos

Similar Questions

Explore conceptually related problems

The marked price of an article is Rs400. After allowing a discount of 20% on the marked price, a shopkeeper makes a profit of Rs 32. His gain percent is: किसी वस्तु का अंकित मूल्य 400 रुपये है | अंकित मूल्य पर 20% की छूट देने के बाद एक दुकानदार को 32 रुपये का लाभ होता है | उसके लाभ का प्रतिशत है :

A shopkeeper allows 20% discount on the marked price of an article and still makes a profit of 28%. Ifhe sells it at 12.5% discount on the marked price, then his gain percent is:

MOTHERS-PROFIT & LOSS (PREVIOUS YEAR QUESTIONS 2018)-QUESTIONS
  1. A vendor bought 40 dozen of fruits for Rs2400. Out of these, 30 fruits...

    Text Solution

    |

  2. By selling an article for Rs2,300, Rekha gains 25%. If she sells it fo...

    Text Solution

    |

  3. The marked price of an article is rs 400. After allowing a discount of...

    Text Solution

    |

  4. An article is sold for Rs x. If it is sold at 33 1/3% of this price, t...

    Text Solution

    |

  5. An article is sold for rs 360 after allowing dis-count of 20% on its m...

    Text Solution

    |

  6. Three articles are bought at Rs200 each. One of them is sold at a loss...

    Text Solution

    |

  7. A shopkeeper marks his goods at 25% above the cost price. He sells thr...

    Text Solution

    |

  8. A man bought 2 articles for Rs 2650 each. He sold one article at 10% p...

    Text Solution

    |

  9. A man bought 2 articles for Rs. 3050 each. He sold one article at 10% ...

    Text Solution

    |

  10. A man bought 2 articles for Rs3050 each. He sold one article at 10% lo...

    Text Solution

    |

  11. A person purchased a vehicle for Rs. 5,90,828 and sold it for Rs. 6,52...

    Text Solution

    |

  12. A man bought 2 articles for Rs4158 each. He sold one article at 15% lo...

    Text Solution

    |

  13. A person purchased a vehicle for Rs 4,90,828 and sold it for Rs 5,52,9...

    Text Solution

    |

  14. A dealer buys an article marked at Rs20000 with two successive discoun...

    Text Solution

    |

  15. A person purchased a vehicle for Rs4,89,828 and sold it for Rs5,89,828...

    Text Solution

    |

  16. A dealer buys an article marked at rs 20000 with two successive discou...

    Text Solution

    |

  17. A dealer buys an artlcle marked at rs 20000 with two successive discou...

    Text Solution

    |

  18. A man bought three articles for Rs 3,000 each. He sold the articles re...

    Text Solution

    |

  19. A man bought three articles for Rs3,000 each. He sold the articles res...

    Text Solution

    |

  20. A dealer buys an article marked at Rs30000 with two successive discoun...

    Text Solution

    |