A trader lists his articles 20% above C.P. and allows a discount of 10% on cash payment. His gain per cent is?

10%
8%
6%
5%

Correct Answer: 8%

Explanation:

Let C.P. = Rs. 100
Then marked price = Rs. 120
S.P. = 90% of Rs. 120 = Rs. 108
∴ Required gain% = {(108 - 100) / 100} x 100% = 8%

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