Q: A trader allows a trade of 20% and a cash discount of $$6{1\over 4} – McqOptions

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1.	Q: 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.	0.6
B.	0.7
C.	0.4
D.	0.5
Answer» B. 0.7

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