Question

A trader marks up a product by $20\%$. If he sells it at a discount of $15\%$, his net gain percentage is,

• A. $2.5\%$
• B. $3\%$
• C. $2\%$
• D. $1.5\%$

Answer 1

The correct option is C

$2\%$

Let the CP of the product be ₹ 100

Thus the marked price, MP = ₹ 120

Discount on MP $=15\%$

$\therefore$ Discount $=\frac{15}{100}\times 120=₹18$

$\therefore$ SP = MP − discount

=120 - 18

=102

Hence his net gain percent is $2\%$.