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Profit and Loss

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  1. A trader lists his articles 20% above C.P. and allows a discount of 10% on cash payment. His gain per cent is ?
    1. 10%
    2. 8%
    3. 6%
    4. 5%
Correct Option: B

Let C.P. = Rs. 100
Then marked price = Rs. 120
S.P. = 90% of Rs. 120 = Rs. 108
∴ Required gain% = {(108 - 100) / 100} x 100% = 8%


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