Kartar marks his goods at 36% above the cost price and allows a discount of 16%. What is his gain percentage?

Correct option is D

Given:

Markup on cost price = 36%

Discount allowed = 16%

Formula Used:

Marked Price (M.P.) = Cost Price (C.P.) + Markup

Selling Price (S.P.) = Marked Price - Discount

Gain Percentage =$$\frac{\text{Gain}}{\text{Cost Price}} \times 100$$​​

Solution:
Let the cost price of the goods be C.P.= 100

Marked Price (M.P.) = 100 + 36% of 100 = 100 + 36 = 136

Selling Price (S.P.) = 136 − 16% of 136 = 136 − 21.76 = 114.24

Gain = S.P.− C.P.= 114.24 − 100 = 14.24

Gain Percentage $$= \frac{14.24}{100} \times 100 = 14.24\%$$​​