A trader allows a trade of 20% and a cash discount of $$6{1 over 4} %$$% 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 trader allows a trade of 20% and a cash discount of $$6{1 over 4} %$

1.	A trader allows a trade of 20% and a cash discount of $$6{1 over 4} %$$% 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.	60%
B.	70%
C.	40%
D.	50%
Answer» B. 70%

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A trader allows a trade of 20% and a cash discount of $$6{1 over 4} %$$% 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?

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