A tradesman marks his goods 30% more than the cost price. If he allows a discount of 6 1/ 4 % then his gain per cent is?

233/4%
22%
217/8%
None of these

Correct Answer: 217/8%

Explanation:

Let the C.P. be Rs. 100
Then, Marked price = Rs. 130
⇒ S.P. = (93³/₄ % of Rs. 130)
= Rs. (375/4 x 100 x 130)
= Rs. 975/8
= Rs. 121⁷/₈
∴ Required gain% = 21⁷/₈ %

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