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A dealer marks his goods 20% above cost price and allows a discount of 10% to his customers. His gain percentage is
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- 6%
- 9%
- 7%
- 8%
Correct Option: A
Let the C.P. of article be Rs. 100.
∴ Marked price = Rs. 120
According to the question,
After a discount of 10% S.P. = | = Rs. 108 | 100 |
∴ Profit = 108 – 100 = Rs. 8
∴ Profit percent = | × 100 = 8% | 100 |