Multiple choice

A toy seller marks his toys 50% above the cost price. He offers a special festive discount of 20% over the marked price for all the toys. Further, for regular customers, he allows 5% additional discount after first discount. His gain percent from regular customers is

  1. 12.5%

  2. 14%

  3. 15%

  4. 16%

  5. 18%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100, MP = 150. First discount 20% of 150 = 30, price becomes 120. Second discount 5% of 120 = 6, price becomes 114. Gain = 114 - 100 = 14%.

AI explanation

Let the cost price be 100. A marked price 50% above cost makes it 150. A 20% discount on the marked price reduces it by 30 to 120. An additional 5% discount for regular customers reduces the 120 by 6, resulting in a final selling price of 114. The gain is 14 on the cost price of 100, making the gain percent 14%.

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