O-LevelCommerceFinance7100/11 · Oct/Nov 2013 · Q151 Mark

A trader buys goods at a cost price of $50 each. He is allowed trade discount of $20 on each item. He sells the goods with a mark-up of 20% on the cost price. What is the selling price?

A$20

B$30

C$50

D$60

✓ Correct answer

D: $60

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