A shopkeeper is incurring a loss of cost price of while selling to Ajay. If the shopkeeper had purchased at less price and had sold to Ajay at more than the selling price, then how much percentage would he have gained (rounded off to 1 decimal place)?
- A8.0
- B11.1
- C10.0
- D12.5
Solution & Step-by-step Explanation
Let the cost price () of be .Then, the cost price of :
The loss incurred equals the of :
We know that:
New Scenario:New cost price () is less:
New selling price () is more than the initial selling price:
New profit and gain percentage:
Rounded off to one decimal place, the gain is .
The loss incurred equals the of :
We know that:
New Scenario:New cost price () is less:
New selling price () is more than the initial selling price:
New profit and gain percentage:
Rounded off to one decimal place, the gain is .