A trade marks a goods at 40% above the price and allows a discount of 25%.What is his gain?
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Gain % = 12 %
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Answer:
Let the cost price of goods be ₹100
Thus the marked price = 100 + 40/100 × 100
Marked price= 100 + 40 = ₹140
Trader allows a discount of 25% on marked price
25% discount on marked price ₹140
= 25/100 × 140
= 140/4
= ₹35
Price after 25% discount = ₹140 - ₹35
= ₹105
Thus Sale Price of goods = ₹105
Gain = ₹105–₹100 = ₹5
Gain % = 5/100 × 100
Gain % = 5%
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