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

18%
20%
18.5
20.5%

Correct Answer: 20%

Explanation:

∵ S.P. = (90% of Rs. 480) = Rs. 432
Gain earned on it = 8%
∴ C.P. = Rs. (100/108) x 432 = Rs. 400
If no discount is allowed, S.P. = Rs. 480
∴ Required gain% = (80 /400) x 100 % = 20%

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