Question

3. An article is marked 20% above cost price.
The shopkeeper allows discount of 12% on it.
Find his gain or loss percent.​

Answer 1

Answer:

5.6% gain

Explanation:

Let the cost price of the article be Rs.100

Marked price = Rs.120

Discount = 12% of 120 = Rs.14.40

Hence, Selling price = Rs.(120 - 14.40) = Rs.105.60

Selling price > Cost price

Hence, gain = Rs.(105.60 - 100) = Rs.5.60

Gain % = 5.60/100 * 100 = 5.6%