Question

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?​

Answer 1

Hey there !

See the attachment for the solution

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Actually in the question it is asked we have to tell the percent of his gain or loss.

He gains profit percent

$= 8\%$

Hence, his gain percent = 8%.

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Also note that how we can understand that there is profit or loss :

We can understand that there is a profit or loss

• If the SP is more than CP . It's a profit .
• If SP is less than CP . it's a loss.

Note :

Here , in this question The SP is more than CP

Hence,

There is a Profit

How much Profit ?

8%

Hence , There is a profit of 8%.