Gagandeep marks his goods 50% above the cost price and offers a discount of 25% on the marked price to his customers. What is the percentage gain of Gagandeep?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 12.5%.
Let the CP of the goods be 100x.
MP = 150% of 100x = 150x
SP = MP × (100 - D)/100
⇒ 150x × 75/100 = 112.5x
Now, profit percentage = [(112.5x - 100x)/100x] × 100
⇒ 100 × 12.5x/100x = 12.5%