A dealer marks his goods at 20 above the cost price and allows a discount of 15 What is his gain per...........

Quantitative Aptitude (CGL) Profit and loss

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

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- A dealer marks his goods 20% above the cost price. This means if the cost price is 100, the marked price would be 120.

- He provides a discount of 15% on the marked price. So, the selling price becomes:

120 - (15% of 120) = 120 - 18 = 102.

- The cost price is 100, and the selling price is 102. Therefore, the gain is 102 - 100 = 2.

- The gain percentage is calculated as (Gain/Cost Price) * 100 = (2/100) * 100 = 2%.

- Correct Option: 3, 2%

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