A shopkeeper marks his goods at a price 20% higher than the cost price and allows 10% discount on every item. Find his gain percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 8%
let CP of goods = 100
according to the question,
now MP = 100 + 100 × 20% = 120
and SP = 120 - 120 × 10% = 108
so, required gain % = 108-100 = 8