a trader marked his goods at 20% above the cp.he sold half the stock at the mp,one quarter at a discount of 20%on the mp and the rest at a discount of 40% on the mp.his total gain is?
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Answer: 2%
Step-by-step explanation:
Suppose 80 goods in = Rs. 80 in C.P
M.P. = 120% of 80 = Rs. 96
Half stock sold at M.P. = 962= Rs.48
One quarter sold at 20% = 80100×24= Rs.19.20
One quarter sold at 40% discount = 60100×24= Rs.14.40
Total sale = 48 + 19.20 + 14.40 = Rs. 81.60
gain = 81.60 - 80 = Rs. 1.60
gain % = 1.6080×100=2%
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