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A trader marks his goods at 40% above th...

A trader marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent?

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To find the gain percentage for the trader, we will follow these steps: ### Step 1: Determine the Cost Price (CP) Let's assume the cost price (CP) of the goods is \( x \). ### Step 2: Calculate the Marked Price (MP) The trader marks his goods at 40% above the cost price. Therefore, the marked price (MP) can be calculated as: \[ MP = CP + 40\% \text{ of } CP = x + 0.4x = 1.4x \] ### Step 3: Calculate the Selling Price (SP) The trader allows a discount of 25% on the marked price. The selling price (SP) can be calculated as: \[ SP = MP - 25\% \text{ of } MP = MP - 0.25 \times MP = 1.4x - 0.25 \times 1.4x \] Calculating \( 0.25 \times 1.4x \): \[ 0.25 \times 1.4x = 0.35x \] Now substituting back: \[ SP = 1.4x - 0.35x = 1.05x \] ### Step 4: Calculate the Gain Gain can be calculated as: \[ \text{Gain} = SP - CP = 1.05x - x = 0.05x \] ### Step 5: Calculate the Gain Percentage Gain percentage is calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \] Substituting the values: \[ \text{Gain Percentage} = \left( \frac{0.05x}{x} \right) \times 100 = 5\% \] ### Final Answer The gain percentage for the trader is **5%**. ---
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