A tradesman marks his goods 30\% above the C.P. If he allows a discount of 6 1/4 \%, then his gain percent is

ABC26GN2824 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

A tradesman marks his goods 30\% above the C.P. If he allows a discount of $6 \frac{1}{4} \%$, then his gain percent is

(a)$21 \frac{7}{8} \%$

(b)22\%

(c)$23 \frac{3}{4} \%$

(d)None of these

Answer

Answer (as printed): A

Explanation

Let C.P. be ₹ 100. Then, marked price $=₹ 130$. $$\begin{aligned} & \text { S.P. }=\left(100-\frac{25}{4}\right) \% \text { of ₹ } 130=₹\left(\frac{375}{400} \times 130\right)=₹ 121.875 . \\ & \therefore \quad \text { Profit } \%=(121.875-100) \%=21.875 \%=\frac{21875}{1000} \%=21 \frac{7}{8} \% . \end{aligned}$$

Explanation as extracted from the printed page; notation may be imperfect.

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