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A merchant marks his goods 40% above the cost price and sell them at a discount of 15%. Find his gain % = ?
Answer & Solution
Correct Answer:
Option
C
Let the cost price = 100 units
Marked price = 140 units
Selling price = 140 × $$\frac{{85}}{{100}}$$ = 119
$$\eqalign{ & {\text{Profit }}\% = \frac{{19}}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 19\% \cr} $$
Marked price = 140 units
Selling price = 140 × $$\frac{{85}}{{100}}$$ = 119
$$\eqalign{ & {\text{Profit }}\% = \frac{{19}}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 19\% \cr} $$
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