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 percentage

Answer 1

 A dealer marks his goods 35% above the cost price and then allows 20% discount on it. Find the gain o

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 % 

Answer 2

Refer to the attachment