2016 · Q23
A shopkeeper increases the cost price of an item by 20% and offers a discount of 10% on this marked price. What is his percentage gain ?
Elementary MathematicsProfit and Loss
- A15%
- B12%
- C10%
- D8%
Explanation
Take CP = 100: the marked price is 120, and a 10% discount makes the selling price 108. The gain is therefore 8% (option D).