Multiple choice

The marked price of an article is 30% above the cost price. The gain percent, after allowing a discount of 20% to the customer, is

  1. 4%

  2. 30%

  3. 6%

  4. 10%

  5. 40%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = 100. Marked Price = 130. Discount = 20% of 130 = 26. Selling Price = 130 - 26 = 104. Gain = 104 - 100 = 4%.

AI explanation

Let the cost price be Rs. 100. The marked price is 30% above the cost price, so it is Rs. 130. The shopkeeper allows a 20% discount on the marked price, so the selling price is Rs. 130 * 0.80 = Rs. 104. The gain is the selling price minus the cost price, which is Rs. 104 - Rs. 100 = Rs. 4. The gain percent is 4%. The answer is 4%.

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