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 percent would be
- 28%
- 24%
- 20%
- 10%
Explanation
M.P. of an electric Iron = Rs. 690
After Discount, S.P. = 90% of 690 = Rs. 621
Gain = 8%
C.P of an electric Iron = 621×100100+8
= 621×100108= Rs.575
No Discount, gain of Iron = 690 - 575 = Rs. 115
gain % = 115575×100=20
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