Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. What is his gain or loss percentage?
Option 1: 4% gain
Option 2: 2% loss
Option 3: 2% gain
Option 4: 4% loss
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Correct Answer: 2% gain
Solution : Given: A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. Let the cost price be 100. So, the marked price is (100 + 20) = 120 We know, Selling price = $\frac{(100-\text{Discount%})}{100}\times \text{Marked price}$ Selling price = $\frac{(100-15)}{100}×120=102$ Profit = 102 – 100 = 2 Profit percentage is $\frac{2}{100}×100=2$% So, his gain percentage is 2%. Hence, the correct answer is 2% gain.
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Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15%. What is his gain percentage?
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