A dealer marks his goods at 40% above the cost price and allows a discount of 20

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A dealer marks his goods at 40% above the cost price and allows a discount of 20% on the marked price. The dealer has a

Options:

A . gain of 25%

B . gain of 12%

C . loss of 12%

D . loss of 20%

Answer: Option B
Answer: (b)Let the CP of article be Rs.100.Marked price = Rs.140S.P. = ${140 × 80}/100$ = Rs.112Gain per cent = 12%Using Rule 8,Here, r = 40%, $r_1$ = 20%Required profit or loss %= ${r × (100 - r_1)}/100 - r_1$= ${40 × (100 - 20)}/100 - 20$= ${40 × 80}/100 - 20$= 32 - 20 = 12% profit

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