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Test Index
Profit and Loss Practice Test 6
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© examsnet.com
Question : 28
Total: 40
A trader allows a trade discount of 20% and a cash discount of
6
1
4
%
on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should of the goods be marked for the sale?
40%
50%
60%
70%
Validate
Solution:
Let the cost price = 100
Let marked price of goods = x
Discount percentage on the goods = 20%
Now selling price
=
x
−
20
100
×
x
=
4
x
5
Cash discount
=
6
1
4
%
=
25
4
%
New selling price of goods
=
4
x
5
−
4
x
5
×
25
4
×
1
100
=
3
x
4
Sale price = 20% of cost = 100 + 20 = Rs 120
3
x
4
=
120
x
=
160
So,
CP
SP
Marked
‌
price
100
120
160
Cost marked for sale should be
=
60
100
×
100
=
60
%
© examsnet.com
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