4. A tradesman fixed his selling price of goods at 30% above the cost price. He sells half the stock at this 136 price, one-quarter of his stock at a discount of 15% on the original selling price and rest at a discount of 30% on the original selling price. Find the gain percent altogether. (a) 14.875% (c) 15.575% (b) 15.375% (d) 16.375%
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Answer:
15.375
Step-by-step explanation:
half stock is at 30 percent
quarters stock would be priced = 30-15-((30*15)/100)
= 10.5 percent
remaining would be other quarter which would be priced = 30-30-((30*30)/100) = -9 percent
percent profit from combination of two quarters = (10.5-9)/2= 0.75
overall profit percent = (30+0.75)/2 = 15.375
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