Question

A trader marks his good 30℅ above the cost price but makes a reduction of 25/4 ℅ on the marked price for ready money. What is his gain percent?
(A)23.75℅
(B)23.25℅
(C)21.875℅
(D)20℅

Answer 1

Let cost price = x
initial marked price = cost price + 30% of cost price
= X+30%X= 130 %X
Final marked price = initial marked price-25/4% of initial marked price
= 130%X-25/4 % of 130 % X= 121.875 %
Therefore gain percentage = (121.875-100)%= 21.875%