Latest GRE Aptitude Question SOLUTION: A shopkeeper marks his goods at 20% profit and gives a discount of 5%. Which of the following is/are true? A. He gained 15% B. He suffered a loss in the transaction C. He gained

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(#M40165722) GRE Numerical Ability question Keep an EYE

A shopkeeper marks his goods at 20% profit and gives a discount of 5%. Which of the following is/are true?
A. He gained 15%
B. He suffered a loss in the transaction
C. He gained 14%
D. If the cost price was Rs.200, the selling price after the discount was Rs. 228

Asked In GRE Devendra Marghade (5 years ago)

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Lavanya Gupta  (5 years ago)

Marked price = 1.2x
Discounted price = 0.95 * 1.2x = 1.14x
So the profit is = (1.14x - x) / x * 100 = 0.14 * 100 = 14% profit

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rahul jadhav  (5 years ago)

IF the shopkeeper gains 20% profit after giving a discount of 5% he eventually il get a profit of 15%,
The answer is A because
1. he won't suffer a loss in the transaction as he is already in 15% profit, So B is not true
2. He will gain 15% profit as 20-5 = 15% so option c is not true
3. If cp is 200rs, the selling price will be 230 rs as 200*115/100 = 230

So mostly answer is A.

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