A

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Q. A merchant marked the price on his goods 20% more than its cost price and allows a discount of 15%. His gain percent is

  • (A) 1%
  • (B) 2%
  • (C) 10%
  • (D) 15%
  • Correct Answer - Option(B)
  • Views: 10
  • Filed under category Math
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Explanation by: Admin
Here, r = 20% and r1 = 15%
Required profit per cent =[ r(100 - r1)/100] - r1
= [20(100 - 15)/100] - 15
= 17 - 15
= 2%

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