Profit and Loss Practice Test 2

Question : 23 of 40

Marks: +1, -0

A trader lists his articles 20% above C.P. and allows a discount of 10% on cash payment. His gainper cent is :

Solution:

Let C.P. be Rs. 100
Then, marked price = Rs. 120
S.P.

=90/100×120=108

∴ Gain

=8/100×100%=8%

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