Question

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. $23\frac{3}{4}\%$
• B. 22%
• C. $21\frac{7}{8}\%$
• D. None

Answer 1

The correct option is C $21\frac{7}{8}\%$

let C.P. be Rs. 100. Then, marked price
= Rs. 130.

$S.P.=(100-\frac{25}{4})\%ofRs.130$

$=(\frac{375}{400}\times 130)$
= 121.875

Profit% = 21.875
$=\frac{21875}{1000}=21\frac{7}{8}\%$