The SP of an article is twice the CP. The shopkeeper offers a discount of 20% on the product. Find his net gain %.
A
16%
B
40%
C
60%
D
80%
Correct Option - C
Explaination
Let the CP be Rs.x.
SP=2x
Discount
= 20% of 2x
= 0.4x
Price after discount
= 1.6x
Gain=0.6x
Gain%
= (0.6x/x)*100
= 60%