A trader marked his goods at 20% above the cost price. He sold half the stock at the marked price, one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. His total gain is

Correct answer marked below

Correct

4.5%

13.5%

15%

12%

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Comments

PaoloSep 21

Thanks

What this question tests

Your fluency with the order of operations, fractions, decimals, and basic number sense — the foundation every quant question leans on.

Applying the order of operations out of sequence or rounding intermediate values before the final step.