Latest MBA Aptitude Question SOLUTION: Whenever Rakesh, a shop owner, sees Rajesh coming to his shop, he increases the price of each item by 34.44% because Rajesh has a habit of bargaining to take 10% extra quantity and

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(#M40015545) MBA question averages, percentages, profit loss and interest Keep an EYE

Whenever Rakesh, a shop owner, sees Rajesh coming to his shop, he increases the price of each item by 34.44% because Rajesh has a habit of bargaining to take 10% extra quantity and pay only 90% of amount quoted for marked price. How much profit does Rakesh earn in doing this?(solution please)

1) 8%
2) 9%
3) 10%
4) 11%

Asked In MBA (11 years ago)

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