Question

A shopkeeper buys some fruits at a discount of 15% on marked price if he wants to make a profit of 20% after allowing a discount of 10%, by what % should he mark the fruits that the price becomes greater than the original price

1. 13.33%
2. 15%
3. 16.66% 
4. 20%
5. 12%

Answer 1

Correct Answer - Option 1 : 13.33%

Calculation:

Let the marked price of the fruits be Rs. 100.

After a 15% discount, the shopkeeper buys them for Rs. 85.

New price after 20% profit = 120/100 × 85

⇒ 102

This is the price after 10% discount on marked price

∴ M.P = (102 × 100)/90

⇒ 113.33

So, the marked price is 13.33% more than the original price.