Question

A shopkeeper marks the price of an article

30% above its cost price and gives a customer discount of
15%. A customer bought that article including 13% VAT at
Rs. 1872.975. Find the marked price of the article and the
gain of shopkeeper
​

Answer 1

The gain percent made by shopkeeper is 10.5%.

Explanation:

Given:

Price at which goods are marked = 30%

Discount on the marked price = 15%

To Find:

Gain percentage of the shopkeeper

Solution:

Let the cost price of the product be = 100

Therefore,

MP = 30 + 100 = 130

Since discount is 15%. thus -

Discount = 15/100 x 130

= 19.5

Selling price = MP - Discount

SP = 130 - 19.5

= 110.5

Profit = SP - CP

= 110.5 - 100

= 10.5

Calculating the gain%

Gain% = 10.5/100 x 100

= 10.5

Answer: The gain percent made by shopkeeper is 10.5%.