A merchant marked the price on his goods 20% more than its cost price and allows a discount of 15%. His gain percent is

Question

Accepted Answer

Here, r = 20% and r1 = 15% Required profit per cent =[ r(100 - r1)/100] - r1 = [20(100 - 15)/100] - 15 = 17 - 15 = 2%

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