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  1. The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain percent will be
    1. 17
    2. 20
    3. 19
    4. 15
Correct Option: A

Let the C.P. of article be Rs. 100.
∴  Its marked price = Rs. 130
After 10% discount , Its S.P. = 90% of 130

S.P. =
130 × 90
= Rs. 117
4

Profit = S.P. - C.P. = 117 - 100 = 17
∴ Profit percent =
Profit
× 100
C.P.

Profit percent =
17
× 100 = 17%
100



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