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Multiple choice

A tradesman marks his goods 30% more than the cost price. If he allows a discount of 20%, on the marked price, then his gain percent is-

  1. 15

  2. 10

  3. 6

  4. 4

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. MP = 130. Discount = 20% of 130 = 26. SP = 130 - 26 = 104. Gain = 4%. Option B (10%) incorrectly uses 30% - 20% = 10% without compounding.

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