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    Question

    A person marks his goods 40% above the cost price. He

    sold 30% of goods at marked price, 60% of the remaining at a discount of 20% and remaining at 40% discount .What is 60% of his overall gain percent?
    A 13.15% Correct Answer Incorrect Answer
    B 15.18% Correct Answer Incorrect Answer
    C 17.14% Correct Answer Incorrect Answer
    D 12.56% Correct Answer Incorrect Answer

    Solution

    Let there are 100 goods (articles) cost of each article be Rs. 1 Total cost of 100 articles = Rs. 100 MP of 100 articles = 100 Γ— 140/100 = Rs. 140 30% of 100 = 30 Remaining = 100 – 30 = 70 60% of 70 = 42 Rest = 100 – 30 – 42 = 28 Total SP of 100 articles 30 Γ— (140/100) + 42 Γ— (140/100) Γ— (80/100) + 28 Γ— (140/100) Γ— (60/100) β‡’ 42 + 47.04 + 23.52 β‡’ 112.56 Profit = 112.56 – 100 = 12.56 Profit percentage = 12.56/100 Γ— 100 = 12.56%

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