A marked price of an article is 20%more than costs price. If the article is sold at discount of15%on its marked price ,then the gainpercent is.
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The gain percentage would be = 2%
Step-by-step explanation:
- Let assume that the cost price is = 100
- Then the marked price will be = 120
- => 100×20/100=20
- => 100×20/100=20=> 20+100=120
- And if we give 15% discount on the marked up price
- => 120×15/100=18
- => 120×15/100=18=> 120-18=102
- Total gain percentage = 2%
- => 102-100=2%
- The amount goes from 100 to 120, if we add the extra 20% mark up the price. And when we apply 15% discount, then the amount would come down to 102. And 102 is 2 more than the 100. Thus, the total gain percentage would be 2%.
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