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A trader marks his goods at 30% above co...

A trader marks his goods at 30% above cost price and allows a discount of 10%. What is his gain per cent?

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To solve the problem step by step, let's break it down clearly. ### Step 1: Assume 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 30% above the cost price. Therefore, the marked price (MP) can be calculated as: \[ \text{MP} = \text{CP} + 30\% \text{ of CP} = x + 0.3x = 1.3x \] ### Step 3: Calculate the Discount The trader allows a discount of 10% on the marked price. The discount amount can be calculated as: \[ \text{Discount} = 10\% \text{ of MP} = 0.1 \times 1.3x = 0.13x \] ### Step 4: Calculate the Selling Price (SP) The selling price (SP) after applying the discount can be calculated as: \[ \text{SP} = \text{MP} - \text{Discount} = 1.3x - 0.13x = 1.17x \] ### Step 5: Calculate the Gain To find the gain, we subtract the cost price from the selling price: \[ \text{Gain} = \text{SP} - \text{CP} = 1.17x - x = 0.17x \] ### Step 6: Calculate the Gain Percentage The gain percentage can be calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 = \left( \frac{0.17x}{x} \right) \times 100 = 17\% \] ### Final Answer The gain percentage is **17%**. ---
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