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hasnain

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From: Chichawatni

Registered: 2014-10-13

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Gain Percentage:

Question:
A tradesman fixed his selling price of goods at 30% above the cost price. He sells half the stock at this price, one-quarter of his stock at a discount of 15% on the original selling price and rest at a discount of 30% on the original selling price. Find the gain percentage altogether?

Option A):
15.375%
Option B):
14.875%
Option C):
15.575%
Option D):
16.375%

Correct Answer is Option A):
15.375%

Explanation:
Let CP = 100; then, marked price=130;
Now,
revenue = [(1/2)*130+(1/4)*0.85*130+(1/4)*0.7*130]
= 65+27.65+22.5 = 115.4;
% profit = 15.4*100/100 = 15.4%.

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