Multiple choice

A trader marks his goods 45% above the cost price and gives a discount of 20% on the marked price. The gain % on goods he makes is

  1. 15

  2. 14

  3. 29

  4. 16
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. Marked Price = 145. Discount 20% = 145 * 0.8 = 116. Gain = 116 - 100 = 16%.

AI explanation

Let the cost price be 100, making the marked price 145 after a 45% markup. A 20% discount on 145 is 29, making the selling price 145 minus 29, which equals 116. The gain is 16 over the cost price of 100, meaning the gain percentage is 16%.

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