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A shopkeeper gains 20% while buying the goods and 30% while selling them. Find his total gain percent.
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- 50%
- 36%
- 56%
- 40%
Correct Option: C
As we know that ,
For two consecutive gains of a % and b %,
Effective gain = | a + b + | ab | % | |||
100 |
Here , a = 20% , b = 30%
His total gain percent = | 20 + 30 + | 20 × 30 | % | |||
100 |
∴ Total gain percent = | 50 + | 600 | = 56% | |||
100 |