A trader wishes to gain 20% after allowing 10% discount on the marked price to h

Question

A trader wishes to gain 20% after allowing 10% discount on the marked price to his customers. At what percent higher than the cost price must he mark his goods ?

Options:

A . 30%

B . $${\text{ 33}}\frac{1}{3}\% $$

C . $${\text{34}}\frac{2}{3}\% $$

D . 35%

Answer: Option B

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