Question

A merchant marked the price on his goods 20% more than cost priceand allows a discount of 15%.Find gain%​

Answer 1

Answer:

Gain percentage = 2%

Step-by-step explanation:

Cost price = 100

Marked price = 100+20%

= 100+20 = 120

15% of 120 = 18

Selling price after discount = 120–15%

= 120 -18 = 102

Profit = 102 -100 = 2

Gain % = (gain/cost) × 100

=(2/100)×100 = 2%