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