A shopkeeper marks his goods at 40 % above their cost price. He is able to sell frac{3}{4} th of his

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7.Profit and Loss

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A shopkeeper marks his goods at $40 \%$ above their cost price. He is able to sell $\frac{3}{4}$ th of his goods at this price, and the remaining at $40 \%$ discount. Assuming that the shopkeeper is able to sell the goods he buys, find his loss or gain as $\%$ of the whole transaction.

A

$20 \%$ loss

B

$23 \%$ loss

C

$26 \%$ gain

D

$30 \%$ gain

Solution

Total $C.P.$ $=₹ 100(100$ articles)

Total $S.P.$ $=75 \times \frac{140}{100}+25 \times \frac{60}{100} \times 1.4$

$=105+21=₹ 126$

$\therefore$ Gain percent $=26$

Standard 13

Quantitative Aptitude

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