Question
A trader allows a trade discount of 20% and a cash discount of 6$1/4$% 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 ?
Answer: Option B
Answer: (b)Let C.P. of article = Rs.100Marked price = xSingle equivalent discount= $(20 + {25/4} - {20 × 25}/400)$% = 25%$x × 75/100$ = 120$x = {120 × 100}/75$ = Rs.160160 - 100 = 60%
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Answer: (b)Let C.P. of article = Rs.100Marked price = xSingle equivalent discount= $(20 + {25/4} - {20 × 25}/400)$% = 25%$x × 75/100$ = 120$x = {120 × 100}/75$ = Rs.160160 - 100 = 60%
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