Profit and Loss Practice Test 7

Question : 34 of 40

Marks: +1, -0

A tradesman marked his goods at 20% above the cost price. He sold half the stock at the marked price, one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. Ultimately what is his total gain?

15%
13.5%
4.5%
2%

Validate

Solution:

Let C.P. = Rs. 100; then marked price = Rs. 120
Since, S.P.

= 60 + 1/4×80/100×120 +1/4×60/100 ×120

= 60 + 24 + 18 = Rs. 102
Hence, gain% = 102 – 100 = 2%

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