Question

(7)
r
A shopkeeper decides a certain selling
price of an article. He increases that
selling price by 20% and prints it on the
article. At the time of sell he gives 15%
discount on the printed price to the
custormer. Hence the shopkeeper gets
....percent more than the price decided
by him.
(1) 3% (2) 2% (3) 5% (4) 8%
​

Answer 1

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let the decided price of item be 100 rs

Marked price of the item

= 100 + 20% of 100 = 100 + 20 = 120

Discount on the item

= 15% of 120 = $\frac{15}{100} \times 120 = 18%$

Selling price of the item = Marked price of the item - Discount on the item

= 120 - 18 = 102

= 100 - 102 = 2

= 2%

Ans = hence the decided price of the item is less than the selling price of the item by 2%