A merchant marked his goods at 16% above the cost price. He sold half of the stock at the marked price, one quarter at a discount of 16% on the marked price and the rest at a discount of 32% on the marked price. His total gain is, 

1 Answer

Answer :

Let cost price whole stock = Rs.100

then marked price of whole stock=Rs.116

Marked price of half stock=Rs.58

marked price of onefourth stock=Rs.29

Total selling price=Rs[58+(84% of 29)+(68% of 29)]

=Rs[58+24.36+19.72]

=Rs.102.08

Hence gain %=(102.08-100)%=2.08%

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