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A trader allows a trade discount of 20% ...

A trader allows a trade discount of 20% and a cash discount of `6(1)/(4)%` on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale ?

A

`40%`

B

`50%`

C

`60%`

D

`70%`

Text Solution

Verified by Experts

The correct Answer is:
C
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