Calculate the Total Gain of a Shopkeeper
A shopkeeper claims to sell off his articles at a discount of 10% but marks his articles by increasing the cost price of each article by 20%. His gain on each article is?
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Let original cost = x
Printed cost = x + x×20% = 6x/5
Now selling price = 6x/5 - (6x/5)×10%
=(6x/5)×9/10
So actual profit = 54x/50-x
= 4x/50
Profit % = (4x/50x)×100 = 8%
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