Question 57

A tradesman marks his goods 30% more than the cost price, if he allows a discount of 20% on the marked price,then his gain percent is

Solution

Let cost price = Rs. 100

=> Marked price = $$100+(\frac{30}{100}\times100)$$

= $$100+30=Rs.$$ $$130$$

Discount % = 20%

=> Selling price = $$130-(\frac{20}{100}\times130)$$

= $$130-26=Rs.$$ $$104$$

$$\therefore$$ Profit % = $$\frac{(104-100)}{100}\times100=4\%$$

=> Ans - (D)

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