A Dealer Marks his Goods 20% Above Cost Price :

A dealer marks his goods 20% above cost price and allows a discount of 10% to his customers. His gain percentage is

  1. 6%
  2. 7%
  3. 8%
  4. 9%
Anurag Mishra Professor Asked on 7th October 2015 in Maths.
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  • 1 Answer(s)

    Answer: (3) 8%

    Explanation:-
    Let the cost price of goods = Rs. 100
    A dealer marks his goods 20% above cost price.

    Then, the price of goods = 100 +100 x 20/100
    = 100 + 20
    = Rs. 120

    He gave 10% discount,
    Then, selling price = 120 – 120 x 10/100
    = 120 – 12
    = Rs. 108

    Gain% = 108 – 100
    = 8%

    Then, he gain percent is 8.

    Hence, the answer is (3) 8%.

    Anurag Mishra Professor Answered on 7th October 2015.
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