Question

A retailer has fixed the Price of an article at 20% above the cost price. If he offers a discount of Rs 2 for a
purchase of Rs 40. what is his gain or loss percentage

Answer 1

Step-by-step explanation:

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Answer 2

14 % is the gain if Marked price is 10 % above cost price and discount of Rs 2 for a purchase of Rs 40

Given  : A retailer has fixed the Price of an article at 20% above the cost price.

He offers a discount of Rs 2 for a purchase of Rs 40.

To Find :  his gain or loss percentage

Solution:

Cost Price = C  

Marked Price = C + (20/100)C = 1.2C

offers a discount of Rs 2 for a purchase of Rs 40.

Marked Price = Rs 40

Selling Price = 40 - 2 = 38

1.2C  = 40

=> C = 40/1.2

=> Cost Price =  100/3  Rs

SP > CP hence gain

Gain =  38  - 100/3

=> Gain = ( 114 - 100)/3

=> Gain = 14/3  Rs

Gain %  = ( Gain/ cost Price ) * 100

= {( 14/3 )/ (100/3) } * 100

= 14 %

Gain percentage is 14 %

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