Question

A cellphone was marked at 40% above the cost price and a discount of 30%was given on its marked price.Find the gain or loss percent made by the shopkeeper?

Answer 1

hey there !!

The original marked price is 40% above the cost price ,

that means , 1.4 times the cost price of cell phone

and , the discount was given of 30% that means 0.3 times the cost price


therefore , discount percentage = 1.4×0.3 = .42 times .

so , the discount price = original marked price - discount price

which is 1.4- 0.42 = 0.98

so , the shopkeeper got loss of 0.02%

hope it helps !!

Answer 2

Here is your answer OK


Let cost price be 100 then marked price = 100 + 40 x 100 / 100 = 140

Now discount = 30 % 0f 140 = 30 x 140 / 100 = 42

So the selling price = 140 - 42 =

now as we can see 98

loss % = loss x 100 / cp

= 2 x 100/ 100 = 2%

He has a loss of 2%

HOPE U UNDERSTAND !

98