A trader marks his goods 42% above the cost price and allows a discount of 24%. His gain percent is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 7.92
Let the Cost Price (CP) = ₹100
Marked 42% above CP
MP = 142
Discount 24%
SP = 142 × 0.76 = 107.92
Gain = 107.92 − 100 = ₹7.92
Gain% = 7.92%