Question

A CYCLE DEALER MARKS A CYCLE WITH A PRICE WHICH IS 20% MORE THAN THE COST PRICE. HE ALLOWS A DISCOUNT OF 10% ON IT. FIND THE GAIN PER CENT. ​

Answer 1

Answer:

gain%= 8%

Step-by-step explanation:

let the cost price of the cycle be 100

mark price =20%+100 (hint. 20%of 100)

=120

now,

sp = 90% of 120

( since the seller gave a discount of 10% out of 100%, so remaining 90% is amount he will get.)

gain=sp-cp

=108-100

=8

therefore,

gain%= gain/cp×100

=8/100×100

=8%