Question

18. A dealer marks his goods 20% above cost, but allows 5% discount to the customers. If he sells an article for 228, what does he gain on it?​

Answer 1

Answer:The gain percent is 14%Step-by-step explanation:Let the CP of the article be x rupeesthe dealer marks the CP above 20% new price= 120x/100 = 6x/5Discount =5%new price = 6x/5- 5% of 6x/5= 57x/50.Given that= 57x/50=228= x = 200 rupeesgain = 228-200= 28 rupeesgain percent= 28/200 × 100= 14%