Question

A drader marks his goods 40% above the cost prize. He sells them at a discount of 5%.what is his lose or gain percentage?

Answer 1

Let the cost price is 100

Finding Marked price -

40% of 100 + 100

= 40 + 100

= 140

Marked Price = 140.  

Finding discount -

Discount on Marked Price.  

Discount % = 5 % (Given)

Discount = 140 x 5/100 = 7

Finding Selling Price -

Selling Price = Marked Price - Discount

Selling Price = 140 - 7

Selling Price = 133

Finding  Gain -

Gain = Selling Price - Cost Price

Gain = 133 - 100

Gain = 33

Finding Gain Percentage -

Gain % = Gain/Cp x 100

Gain % = 33/100 x 100

Gain % = 33 %.

Hence :

Gain Percentage = 33 % .