A trader marks his goods at 50 percent above the cost price and allows a discount of 30 percent. What is his gain percent?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 5 percent
Profit % = Profit/Cost price × 100
Profit = selling price - cost price
Let cost price = Rs. 100
Market price = 1.5 × 100 = 150
Selling price = 150 - 0.30 × 150
Selling price = 150 - 45
Selling price = 105
Profit = Selling price - Cost price = 105 - 100 = 5
Profit% = Profit × 100/100 = 5 × 100/100 = 5
Therfore profit is 5 %