Multiple choice

A tradesman marks his goods 50% above cost price. If he allows a discount of 20%, then find his gain percent.

  1. 50%

  2. 20%

  3. 30%

  4. 70%

  5. 60%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP be Rs. 100.  Then, marked price = Rs. 150  Discount = 20% Therefore, SP = 80% of Rs. 150 = (80/100) X 150 = 120  Gain = 120 – 100 = 20 Gain% = (20 * 100)/100 = 20%

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