Question : A wholesaler marks his goods at 35% above the cost price but allows a discount of 15% at the time of sale. His gain is:
Option 1: 20.45%
Option 2: 24.85%
Option 3: 14.75%
Option 4: 25.50%
Correct Answer: 14.75%
Solution :
Let the cost price be 100.
So, marked price = 100 + 35 = 135
He gives a discount of 15% on the marked price.
So, selling price $=\frac{100-15}{100}×135=114.75$
$\therefore$ Gain percentage $=\frac{114.75-100}{100}×100=14.75\%$
Hence, the correct answer is 14.75%.
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