Question

Sanjana purchased a DVD at 9/10 of its selling price and sold it at 8% more than its original selling price, what is his gain percentage?
1. 20%
2. 18%
3. 10%
4. 8%

Answer 1

Correct Answer - Option 1 : 20%

Given:

Sanjana purchased a DVD at 9/10 of its selling price and sold it at 8% more than its original selling price.

Formula Used:

Profit percentage = {(S.P – C.P)/C.P} × 100

Calculation:

Let the original selling price of DVD = Rs. 100

C.P of DVD = Rs. 90

New selling price = Rs. 108

Gain = Rs. (108 – 90) = Rs. 18

Gain percent = 18/90 × 100 =20%

∴ Gain percentage is 20%