A person marks his goods at 40% above the cost price and allows a discount of…
2018
A person marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent?
- A.
5%
- B.
12%
- C.
17%
- D.
15%
Attempted by 31 students.
Show answer & explanation
Correct answer: A
Let the cost price be ₹100. The marked price is 40% above cost price, so MP = ₹140. A 25% discount on ₹140 is ₹35, hence SP = ₹140 - ₹35 = ₹105. Gain = ₹105 - ₹100 = ₹5. Gain percentage = (5/100) × 100 = 5%. Therefore, the correct answer is 5%.