a dealer marks his good add 650 if after offering a discount of 10% he earned a profit of 20% find the cost price of the article.
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A dealer marks his goods at 35% above the cost price and allows a discount of 20% on the marked price. Find his gain or loss percent.
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Let the C.P of goods= Rs.x
Now, MP of goods=x+35% of x=x+
100
35x
=
100
135x
=
20
27x
Now, the rate of discount=20%
Discount=20% of Rs
20
27x
=
100
20
×
20
27x
=
100
27x
Now, S.P=M.P−Discount=
20
27x
−
100
27x
=
100
135x−27x
Rs.=
100
108x
=Rs.
25
27x
Now,Profit=S.P− C.P =
25
27x
−x= Rs.
25
2x
Profit %=[
C.P
profit
×100]%
=
25×x
2x
×100%
=8%
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