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A businessman marks his good at 40% above the cost price and allows a discount of 25%. What is his gain percent?
  • a)
    5%
  • b)
    10%
  • c)
    15%
  • d)
    20%
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A businessman marks his good at 40% above the cost price and allows a ...
Let the cost price be Rs. 100
Marked price = Rs. 140
Discount = 25% of 140 = 
Selling price = 140 – 35 = 105
Gain Percent = 105 – 100 = 5%
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Community Answer
A businessman marks his good at 40% above the cost price and allows a ...
Let CP =cost price,MP=marked price,SP=sale price
let us assume CP=100
then MP=140
discount is on MP
so discount is =(25/100)*140=35
SP= 140-35=105
Profit is SP-CP=5
Since CP=100
Profit is 5%
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