A shopkeeper marks his goods at a price 20% higher than their cost price and allows 10% discount on every item. Find his gain percentage.
Answer & explanation
Correct answer: option 4
Let the CP = 100
MP = 20% above the cost price means = 120
Discount = 10%
ATQ,
SP = 120 × \(\frac{9}{10}\) = 108
Profit = 108 - 100 = 8%