A person marks his goods 40% above the cost price. He sold 30% of goods at…
2020
A person marks his goods 40% above the cost price. He sold 30% of goods at marked price, 60% of the remaining at a discount of 20% and remaining at 40% discount .What is 60% of his overall gain percent?
- A.
13.15%
- B.
15.18%
- C.
17.14%
- D.
10.56%
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Correct answer: D
Assume total goods = 100 units at ₹100 each (CP = ₹10,000). Marked price = 140% of CP = ₹140 per unit.
Sold 30 units at ₹140 = ₹4,200. Remaining 70 units: 60% (42 units) at 20% discount = ₹112 each = ₹4,704. Remaining 28 units at 40% discount = ₹84 each = ₹2,352.
Total SP = ₹4,200 + ₹4,704 + ₹2,352 = ₹11,256. Gain = ₹1,256 (12.56%). 60% of gain percent = 0.6 × 17.6% = 10.56%.