A trader allows a trade discount of 20% and a cash discount of $${\text{ 6}}\fra

Question

A trader allows a trade discount of 20% and a cash discount of $${\text{ 6}}\frac{1}{4}\% $$ on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale = ?

Options:

A . 40%

B . 50%

C . 60%

D . 70%

Answer: Option C

Submit Your Solution Below and Earn Points !

Next Question

Submit Solution

More Questions on This Topic :

Question 1. The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:....

Question 2. A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the....10% per annum, then the man has a gain of:

Question 3. If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed o....sum due at the end of double the time is:

Question 4. A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be....being at 18% per annum. Which is the better offer?

Question 5. A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate....interest 12% per annum, how much cash should he pay?

Question 6. Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of i....thus gaining 2% The rate of interest per annum is:

Question 7. A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% ....the rate of interest is 10% per annum, the man:

Question 8. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:....

Question 9. The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:....

Question 10. The present worth of Rs. 2310 due 2(1/2) years hence, the rate of interest being 15% per annum, is:....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers