A dealer prices an article at 20% more then the cost price and allows a discount of 10% on it. Find the gain percent.
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Answered by
23
Answer:
8% gain
Step-by-step explanation:
Gain or loss percent = X + Y +(X×Y)/100
For increase use positive sign and for decrease use negative sign.
So here, X = +20%
And Y = -10% negative as it is discount
Put the values of X and Y in the above formula, if solution is positive it is gain and if it is negative it is loss
=20 +(-10) +(20×-10)/100
=20 -10 -200/100
=20–10–2
=8
It is positive so there will be profit of 8% in this transaction.
I hope it will helps you friend
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