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A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash down payment, his profit percent for such a transaction is
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- 15%
- 12%
- 14%
- 17%
Correct Option: C
Let C.P. be ₹ 100.
Marked price = ₹ 120
S.P. = | = ₹ 114 | |
100 |
Gain percent = 14%
2nd method to solve this question.
Here, r = 20%, r1 = 5%
Gain % = | − r1 | |
100 |
Gain % = | − 5 | |
100 |
Required Gain % = 19 – 5 = 14%