Latest UPSC Aptitude Question SOLUTION: A dealer sells his goods 30% above the cost price but allows a discount of 15% for cash payment .Find the gain percent.

• Placement Papers
• /
• UPSC
• /
• Numerical Ability
• /
• Probability

UPSC Question Papers:

(#M40041320) UPSC Numerical Ability question profit &loss Keep an EYE

A dealer sells his goods 30% above the cost price but allows a discount of 15% for cash payment .Find the gain percent.

Asked In UPSC Bharat Ratna (9 years ago)

Unsolved Read Solution (2)

Is this Puzzle helpful?   (8)   (2) Submit Your Solution Probability

Read Solution (2) :

radha ishwar shinde  (9 years ago)

if 100 is cost price the selling price will be 130. but 15% of 130 is 19.5 is discount. so the gain percent will 110.5.

Is this solution Helpfull? Yes | No   

Titas Biswas  (9 years ago)

Let the Cost Price be ₹100.Then,the price that has been set is ₹130 (₹30 above C.P).Now,a discount of 15% has been given on this new selling price.Discount given = ₹ (15/100 * 130) = ₹ 19.5
So the ultimate selling price is ₹(130 - 19.5) = ₹ 110.5
Gain % = {(S.P - C.P/C.P) * 100}% = {(10.5/100) * 100}% = 10.5%

Is this solution Helpfull? Yes | No   

Please Login to Read Solution.