The marked price of a radio is ₹ 480 . The shopkeeper allows a discount of 10 % and gains 8 % . If no discount is allowed, his gain percent would be

18 %
18.5 %
20.5 %
20 %

Correct Answer: 20 %

Explanation:

Here, MP = ₹ 480 , r = 10 % and R = 8 %
∴ CP = MP x (100 - r)/(100 + R)
= 480 x (100 - 10)/(100 + 8) = (480 x 90)/108 = ₹ 400
∴ Profit = 480 - 400 = ₹ 80
Hence, profit percent = (80/400) x 100 % = 20 %

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