Question

A shopkeeper marks his goods 30% above the cost price and gives a discount of 15% on the marked price. What gain % does he make

Answer 1

Answer:

The gain made is 10.5%

Hope this helps.

Step-by-step explanation:

Let C be the cost price.

After marking up, the price is

C increased by 30%

= (1 + 0.3) × C

= 1.3 × C

After discounting, the price is

(1.3 × C ) decreased by 15%

= ( 1 - 0.15 ) × (1.3 × C)

= 0.85 × 1.3 × C

= 1.105 × C

= ( 1 + 0.105 ) × C

= C increased by 10.5%