Question

A clothing store owner marks his item 60% more than their cost price and allows a discount of 50% find the gain or loss percent.

Answer 1

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

Hence, there is gain of 36%.

Step-by-step explanation:

Answer 2

Answer:

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