Question
A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash down payment, his profit percent for such a transaction is
Answer: Option C
Answer: (c)Let C.P. be Rs.100.Marked price = Rs.120S.P. = ${120 × 95}/100$ = Rs.114Gain per cent = 14%Using Rule 8,Here, r = 20%, $r_1$ = 5%Gain % = ${r × (100 - r_1)}/100 - r_1$= ${20 × (100 - 5)}/100 - 5$= 19 - 5 = 14%
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Answer: (c)Let C.P. be Rs.100.Marked price = Rs.120S.P. = ${120 × 95}/100$ = Rs.114Gain per cent = 14%Using Rule 8,Here, r = 20%, $r_1$ = 5%Gain % = ${r × (100 - r_1)}/100 - r_1$= ${20 × (100 - 5)}/100 - 5$= 19 - 5 = 14%
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