(solved)Question 7 SSC-CGL 2020 March 3 Shift 2

An item is marked at 25% higher than the CP. What will be the percentage gain or loss If the CP increases by 20% and the marked price by 10%?

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Parveen,

Question 7
SSC-CGL 2020 Mar 3 Shift 2

An item is marked at 25% higher than the CP. What will be the percentage gain or loss If the CP increases by 20% and the marked price by 10%?

Solution in Detail

Let CP = 100

$\displaystyle \therefore $ MP = 125

New CP = 100 + 20% = 120

New MP = 125 + 10% = 137.5

%-Profit = $\displaystyle \frac{137.5 - 120}{120} \times 100$

$\displaystyle \approx 15\%\:\underline{ Ans}$

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