Business Studies

At what percent above the cost price must a shopkeeper mark his goods so that he gains 20% even after giving a discount of 10 % on the marked price ?


ANSWER

$$33\frac{1}{3}\% $$


SOLUTION
Let cost price$$=$$Rs. $$100$$
Then since he gains $$20\%$$
$$\therefore$$ selling price$$=120$$
We have to final marked price, even after the discount of $$10\%$$
Now $$90\%$$ of $$x=120$$
$$\Rightarrow x=\left(\dfrac{120\times 1000}{90}\right)=33\dfrac{1}{3}$$
$$\therefore$$ Marked price$$=33\dfrac{1}{3}\%$$.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 202
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Entrepreneurship is _______.
  • A. science
  • B. art
  • C. practice
  • D. theory

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
The industries which are organized on a small scale and produce, goods with the help of small machines, hired labour and power are called as _________.
  • A. large scale industries
  • B. small scale industries
  • C. (A) or (B)
  • D. (A) and (B)

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
An employee who is given the required support and resources to create new product or services is known as _____________.
  • A. auditor
  • B. intrapreneur
  • C. entrepreneur
  • D. none of the above

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Hard
As the meaning of the word itself implies, sustain is to maintain;  the________comprise of people who like to maintain a balance between work and a personal life. Most often, they do not wish the  business to grow too large where it will cut into their personal life. These people just need enough to survive.,

  • A. The hard workers entrepreneur
  • B. The optimizer entrepreneur
  • C. The idealist entrepreneur
  • D. Sustainer type of entrepreneurs

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Which of the following is not one of the principles of Innovation, as explained by Steve Jobs?
  • A. Create insanely great experiences
  • B. Put a dent in the universe
  • C. Never say no
  • D. Kick start your brain

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer