Question

a man sell article at profit of 20%. if he bought it for 20% less but sell it at same price , find % gain? give answer with solution

Answer 1

let original CP be x
SP = x +20%= 120/100x = 6/5 x
new CP = x - 20% = 80/100 x = 4/5x
New profit = 6/5 - 4/5
= 2/5x
2/5 × 100 = 40%