Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. What is his gain or loss percentage?

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4% gain

2% loss

2% gain

4% loss

- Start by assuming the cost price of the goods is $100.

- The dealer marks up the price by 20%, making the marked price $120.

- A discount of 15% is provided on the marked price.

- This means the customer pays 85% of the marked price.

- The selling price becomes $120 × 85% = $102.

- Compare the selling price to the cost price: $102 - $100 = $2.

- The dealer makes a gain of $2 on the $100 cost price.

- Therefore, the gain percentage is 2%.

- Correct Answer:

- Option 3: 2% gain