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A retailer purchased radio sets at the rate of $ 400 each from a wholesaler. He raised the price by 30% and then allowed a discount of 8% on each set. His profit will be
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- 19%
- 78.4%
- 22%
- 19.6%
Correct Option: D
Given that , cost price of a radio set = $ 400
| Marked price of a radio set = | = $ 520 | 100 |
| S.P. of a radio set = | = $ 478.4 | 100 |
Gain = 478.4 - 400 = $ 78.4
| ∴ Gain percent = | × 100 = 19.6% | 400 |
