A trader marks his books 30% more than the cost price.
A trader marks his books 30% more than the cost price. If he allows 20% discount, then find his gain or loss percent?
Answer/Solution
4% Gain
Steps/Work
Let CP of an book = 100
MP of an book = 130
Discount 20 % on 130 = 26
SP of the book = 130 - 26 = 104
Gain = 4%
Answer : A
MP of an book = 130
Discount 20 % on 130 = 26
SP of the book = 130 - 26 = 104
Gain = 4%
Answer : A