a dealer marks his goods 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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Answer of your question is 8 percent proffit
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A dealer marks his goods 35% above the cost price and then allows 20% discount on it. Find the gain or loss per cent?
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byAnshumantripathi6262 02.06.2017
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Let the CP of the goods be x.
Marked price of the goods = x + (35/100 of x) = Rs 1.35 x
Discount = 20%
Selling price = MP - Discount
Discount = 20% of 1.35x = 1.35x × 0.2 = Rs 0.27x
SP = 1.35x - 0.27x
SP = Rs 1.08x
As SP is more than CP, there is a profit.
So,Profit = SP - CP
= 1.08x - x
= 0.08x
Profit percentage = (Profit / CP) x 100
= (0.08x / x) x 100
= 8 %
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