Question

A dealer marked his goods 20% above the cost price and allows a discount of 10%. Then, the gain percent is

Options

• 2%

• 4%

• 6%

• 8%

Answer 1

8%

Explanation:

Let CP be = 100

MP 20% above CP = 120

After allowing Discount of 10%

SP`=90/100xx120=108`

Gain = 8%