Question : A shopkeeper marks his goods 35% above the cost price. He then allows some discount on it. If he makes a profit of 14%, then the rate of discount is:
Option 1: 17.77%
Option 2: 15.55%
Option 3: 16.66%
Option 4: 14.44%
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Correct Answer: 15.55%
Solution : Let $100x$ be the cost price. Marked price = 35% above cost price = $135x$ Profit = 14% of cost price = $14x$ Selling price = Cost price + Profit = $100x+14x$ = $114x$ Amount discounted = Marked price – Selling price = $135x - 114x$ = $21x$ Discount % = $\frac{21x}{135x}×100$ = 15.55% Hence, the correct answer is 15.55%.
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Question : A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is:
Option 1: 15%
Option 2: 20%
Option 3: 10%
Option 4: 14%
Question : A shopkeeper marks his goods at 90% more than their cost price and allows a discount of 40% on the marked price. His gain percentage is:
Option 1: 18%
Option 2: 16%
Option 3: 14%
Option 4: 12%
Question : A merchant marked his goods 20% above the cost price and sold the goods at a profit of 8%. The rate of discount is:
Option 2: 10%
Option 3: 12%
Option 4: 8%
Question : A shopkeeper marked the price 18% more than its cost price. If he allows a discount of 24%, then find his loss percent.
Option 1: 16.43%
Option 2: 15.75%
Option 3: 10.32%
Option 4: 12.25%
Question : A tradesman marks his goods 25% above the cost price and allows his customers a discount of 12% on their bill. How much % profit do tradesmen realize?
Option 1: 13%
Option 2: 11%
Option 4: 10%
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