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The marked price of a saree is Rs. 200. ...

The marked price of a saree is Rs. 200. After allowing a discount of 20% on the marked price, the shopkeeper makes a profit of Rs. 16. Find the gain percent.

A

`11(1)/(9)%`

B

`9(1)/(11)%`

C

`11%`

D

`8%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Determine the Discount Amount The marked price (MP) of the saree is Rs. 200. The discount given is 20%. **Calculation:** - Discount = 20% of MP - Discount = 20/100 * 200 = Rs. 40 **Hint:** Remember that the discount is calculated as a percentage of the marked price. ### Step 2: Calculate the Selling Price (SP) The selling price can be calculated by subtracting the discount from the marked price. **Calculation:** - Selling Price (SP) = MP - Discount - SP = 200 - 40 = Rs. 160 **Hint:** The selling price is what the customer pays after the discount is applied. ### Step 3: Find the Cost Price (CP) We know that the shopkeeper makes a profit of Rs. 16. To find the cost price, we can rearrange the profit formula. **Calculation:** - Profit = SP - CP - Therefore, CP = SP - Profit - CP = 160 - 16 = Rs. 144 **Hint:** Profit is the difference between the selling price and the cost price. ### Step 4: Calculate the Gain Percent Gain percent is calculated using the formula: \[ \text{Gain Percent} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 \] **Calculation:** - Gain Percent = (16 / 144) * 100 - Gain Percent = (1/9) * 100 = 11.11% **Hint:** To find the gain percent, always divide the profit by the cost price and multiply by 100. ### Final Answer The gain percent is approximately **11.11%**.
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