Trader marks his goods 60% above the cost price and gives a discount of 20% on the marked price. Fin

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30 Jan 2020 Profit and Loss

Trader marks his goods 60% above the cost price and gives a discount of 20% on the marked price. Find his gain percent.

OPtion

1) 22
2) 22.5
3) 32
4) 32.5
5) 28
6) 29.5
7) 26
8) 26.5
9) 30
10) None of these

Solution

Let the CP be 100
MRP = 160
Discounted price = 0.8*160 = 128

Profit = 128-100 = 28
Profit % = 28%

Correct Option: 5 Best Solution (0)