Question

A dealer marked his goods 35% above cost price and allowed a discount of 20% on the marked price.Find his loss or gain percent.

Answer 1

Let cost price be =100

Then marked price will be=(100+35)=135

Dealer allowed discount of 20% on marked price

Then selling price= (100–20)% of marked price

SP=(80/100)*135 = 108

Profit=SP-CP

Profit=108–100=8

Profit %=profit*100/cp

So profit%= (8 *100) /100

i.e., profit% = 8%