A shopkeeper marks up his goods 32% above the cost price and gives a discount of 21% on the marked price. Find his gain percentage on the goods.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 4.28%.
Let CP of the goods = 100
MP = 100 + 32 = 132
SP = (79/100) × 132 = 104.28
Gain = 104.28 - 100 = 4.28
Therefore, the gain percentage is 4.28%.