Question

a clothing store owner mark his item 60% more than their cost price and allows a discount of 15% find the gain or loss percent

Answer 1

Answer:

36%

Step-by-step explanation:

Answer is given in the picture.

Good Luck.

Answer 2

Answer:

There is gain of 36%.

Step-by-step explanation:

Let x be the original price of the item,

Marked up percentage = 60%,

So, the marked up price = x + 60% of x

= x + 0.6x

= 1.6x

Now, discount percentage = 15%,

Thus, selling price = 1.6x - 15% of 1.6x

$=1.6x -\frac{15\times 1.6x}{100}$

$=1.6x - 3\times 0.08x$

$=1.6x - 0.24x$

$=1.36x$

$\because \frac{SP-CP}{CP}\times 100=\frac{1.36x-x}{x}\times 100=36\%$

Hence, there is gain of 36%.

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