A shopkeeper marks his goods at 90% more than their cost price and allows a discount of 40% on the marked price. His gain percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 14%.
Let, CP = 100
MP = 100 + 90 = 190
SP = (60/100) × 190 = 114
Gain = 114 - 100 = 14
Gain percentage = (14/100) × 100 = 14%
Therefore, the shopkeeper's gain percentage is 14%.