A shopkeeper sold a TV set for ₹ 17940, with a discount of 8% and gained 19.6%. If no discount is allowed, then what will be his gain per cent ?

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INSURANCE EXAMS (LIC) 2008 click here to view all questions

A shopkeeper sold a TV set for ₹ 17940, with a discount of 8% and gained 19.6%. If no discount is allowed, then what will be his gain per cent ?

A$\text{25%}$

B$\text{26.4 %}$

C$\text{24.8%}$

D$\text{30%}$

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Correct answer is: $\text{30%}$ Explanation: SP = 17940, Discount = 8% $MP = \frac{17940}{0.92}= ₹ 19500$ $\text{∴ Gain = 19.6% (given)}$ $∴ CP = \frac{17940}{1.196}= ₹ 15000$ $\text{New SP without discount = ₹ 19500}$ $Gain = (19500 – 15000) = ₹ 4500$ $\therefore \text{ Gain percent =} \frac{4500}{15000} \times 100 = \text{30%}$ Nithin ? answered Aug 10 '2022 at 20:3 All Comments

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