A cellphone was marked at 40% above the cost price and a discount of 30% was given on it marked price. Find the gain or loss per cent made by the shop keeper
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Let CP=x
SP=1.4x
SP after DIscount=1.4x×0.7=0.98x
loss=0.02x
Loss%=
x
0.02x
×100%=2%
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