Question

A trader marks his goods at 60% above the cost price and allows a discount of 25% what is his gain percent​

Answer 1

Answer:

Detailed Method:

Let CP of the article be Rs. 100

MP of the article = 100 × (160/100) = Rs. 160

SP of the article = 160 × (75/100) = Rs. 120

Profit = 20%

Profit % = 20/100 × 100 = 20%