A treader makes his goods at 30% above the cost price and allow it as a discount of 10%.What is his gain%
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That means customer needs to pay 100%-15% = 85% of the marked price. Now calculate the gain percentage. Hence, his gain percentage is 10.5%.
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Let the cost price be Rs. 100
Then, marked price = Rs. 130
Discount =10% of the marked price
=10% of 130
= 100 ÷ 1013 ×130
=13
Selling price = Marked price − Discount
=130−13
=117
Therefore, the selling price for his goods is Rs. 117.
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