Question : A shopkeeper marks his goods 40% above the cost price and allows a 25% discount on them. His gain percentage is:
Option 1: 5%
Option 2: 10%
Option 3: 15%
Option 4: 20%
Correct Answer: 5%
Solution :
Given: A shopkeeper marks his goods 40% above the cost price and allows a 25% discount on them.
Let the cost price = Rs. 100
Then, marked price = (100 + 40) = Rs. 140
Discount = 25%
So, the selling price = $(140-140×\frac{25}{100}$) = Rs. 105
Therefore, the gain percentage = $\frac{(105 - 100)}{100}×100$ = 5%
Hence, the correct answer is 5%.
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