Q. A merchant marked the price on his goods 20% more than its cost price and allows a discount of 15%. His gain percent is
✅ Correct Answer: (B)
2%
Explanation: Here, r = 20% and r1 = 15%
Required profit per cent =[ r(100 - r1)/100] - r1
= [20(100 - 15)/100] - 15
= 17 - 15
= 2%
Explanation by: Tina Singh
Here, r = 20% and r1 = 15%
Required profit per cent =[ r(100 - r1)/100] - r1
= [20(100 - 15)/100] - 15
= 17 - 15
= 2%
Required profit per cent =[ r(100 - r1)/100] - r1
= [20(100 - 15)/100] - 15
= 17 - 15
= 2%