A merchant marks his goods 40% above the cost price and sells them at a discount

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A merchant marks his goods 40% above the cost price and sells them at a discount of 15%. Find his gain %.

Options:

A . 22%

B . 20%

C . 19%

D . 25%

Answer: Option C
Answer: (c)Let the C.P. of each article be Rs.100.Marked price = Rs.140S.P. = ${140 × 85}/100$ = Rs.119Gain per cent = 19%Using Rule 8,Here, r = 40%, $r_1$ = 15%Gain % = ${r × (100 - r_1)}/100 - r_1$= ${40 × (100 - 15)}/100 - 15$= ${40 × 85}/100 - 15$= $3400/100$ - 15 = 19%

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