a trader marked his goods at 20% above the cp.he sold half the stock at the mp,one quarter at a discount of 20%on the mp and the rest at a discount of 40% on the mp.his total gain is?

• 2% overall gain
• 7 years agoHelpfull: Yes(2) No(0)
• Let cp=100
  Therefore, MP=120
  MP of 1/2 stock= 120/2=60
  MP of 1/4 stock =120/4=30
  Mp of remaining=[1-(1/4+1/2)]=1/4 stock= 120/4=30
  Now, SP=60+[30-30 x 20/100]+[30-30 x 40/100]
  SP= 102
  Therefore, profit=(102-100)= 2℅
• 6 years agoHelpfull: Yes(2) No(0)
• C.p.=100 M.P=120
  A=120/2=60
  120*20/100=24
  120-24=96
  B=96/4=24
  120*40/100=48
  120-48=72
  C=72/4=18
  A+B+C=60+24+18=102
  gain%=102=100/100*100=2%
• 5 years agoHelpfull: Yes(1) No(0)