A trader marks his goods 30 % above the cost price but makes a reduction of cost price $6 \frac{1}{4}$ % on the marked price for ready money. His gain percent is:

23.75%

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23.25%

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21.875%

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20%

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Solution

The correct option is B 21.875%
Gain % = $\frac{S P - C P}{C P} \times 100$
Let cost price be Rs. 100. The
MP is Rs. 130.
After discount of $6 \frac{1}{4} %$
the SP is Rs. $130 (\frac{93.75}{100})$ = Rs. 121.875.
Gain % = $\frac{121.875 - 100}{100} \times 100 = 21.875$

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Similar questions

Q. 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℅

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A trader marks his goods 30 % above the cost price but makes a reduction of cost price 614 % on the marked price for ready money. His gain percent is:

The correct option is B 21.875%Gain % = SP−CPCP×100Let cost price be Rs. 100. TheMP is Rs. 130.After discount of 614%the SP is Rs. 130(93.75100) = Rs. 121.875.Gain % = 121.875−100100×100=21.875

A trader marks his goods 30 % above the cost price but makes a reduction of cost price $6 \frac{1}{4}$ % on the marked price for ready money. His gain percent is:

The correct option is B 21.875%
Gain % = $\frac{S P - C P}{C P} \times 100$
Let cost price be Rs. 100. The
MP is Rs. 130.
After discount of $6 \frac{1}{4} %$
the SP is Rs. $130 (\frac{93.75}{100})$ = Rs. 121.875.
Gain % = $\frac{121.875 - 100}{100} \times 100 = 21.875$