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To gain 8% after allowing a discount of 10%, by what percent cost price should be hiked in the list price ?
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- 9%
- 11%
- 18%
- 20%
Correct Option: D
Let the cost price be ₹ 100 and marked price be p.
| ∴ | = 108 | |
| 100 |
| ⇒ | = 108 | |
| 10 |
| ⇒ p = | = 120 | |
| 9 |
Required Percent = 20%
2nd method to solve this question.
Here, Gain % = 8%,, r1 = 10%, r = ?
| Gain % = | − r1 | |
| 100 |
| 8 = | − 10 | |
| 100 |
| 8 = | − 10 | |
| 9 |
| 18 = | = 20% | |
| 9 |