A merchant marks his goods 40% above the cost price and sell them at a discount of 15%. Find his gain % = ?
A. 25%
B. 22%
C. 19%
D. 20%
Answer: Option C
Solution (By Examveda Team)
Let the cost price = 100 unitsMarked price = 140 units
Selling price = 140 × $$\frac{{85}}{{100}}$$ = 119
$$\eqalign{ & {\text{Profit }}\% = \frac{{19}}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 19\% \cr} $$
This Question Belongs to Arithmetic Ability >> True Discount
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