Question

A man buys an article for Rs. 60 and marks it at Rs 140. Then he allows a discount of

40 % . What is the loss or gain percent​

Answer 1

Answer:

profit=40%

Step-by-step explanation:

Given,

A man buys an article for Rs. 60 and marks it at Rs 140. Then he allows a discount of  40 % .

CP=60

MRP=140

Discount=40%

we know,

discount will be given on MRP

(100-Discount)%*MRP=SP

(100-40)%*140=SP

60%*140=SP

SP=84

Profit%=((SP-CP)/CP)*100

Profit%=((84-60)/60)*100

Profit%=24/60*100

Profit=40%