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Profit and Loss
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QuestionClick to flip
A tradesman marks his goods 50% above cost price. If he allows a discount of 20%, then find his gain percent.
AnswerClick to flip back
A
20%
💡 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%