1.

A trader marks his goods at 40 % above the cost price but allows a discount of 25 %. What is his gain percent?1. 6 %2. 7 %3. 5 %4. 8 %

Answer» Correct Answer - Option 3 : 5 %

Given :

A trader marks his goods 40 % above cost price 

He gives 25 % discount on marked price 

Calculations :

Let the cost price be Rs.100 

Marked price = 100 + 40 % of 100 = 100 + 40 

⇒ 140 rupees 

Now, 

He gives 25 % discount on this marked price 

Selling price = 140 - 25 % of 140 

⇒ 140 - 35 

⇒ Rs. 105 

Profit %  = (selling price - cost price)/cost price × 100 

⇒ (105 - 100)/100 × 100 

⇒ 5 % 

∴ Profit is 5 %    

 


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