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Question 59
A trader marks his goods at 60% above the cost price and allows a discount of 25%. What is his gain percent?
Solution
Let the cost price of An article be Rs. 100.
Marked price = 160% of 100 = Rs. 160
Discount = 25%
Selling price = 160 $$\times \frac{75}{100} $$= Rs. 120
Gain = $$\frac{120 - 100}{100} \times 100 = 20%
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