Question

7. An article is marked at 40% above the cost price and when it is sold at a certain rate of discount, there is a loss of 2%. Find the rate of discount allowed on the article.​

Answer 1

Answer:

30% Discount.

Step-by-step explanation:

Let's suppose X as our article...and x = $100

x cost price = $100 at which 40% is added to make it the selling price = $140.

when given a discount of 30 % the price now is  $98 so that's a 2% at the cost price... I guess that's right.