Question

A shopkeeper marked his good 25% above the cost price and allows a discount of 16% on it. What

percent does he gain?​

Answer 1

Answer:

4.76%

Step-by-step explanation:

Let the cost price of the article be ' x '

Profit percentage = 25%

Marked price will be

=> x + 25%

=> x + 25% ( x )

=> x + 0.25x

=> 1.25x

Then provide 16% discount

=> 1.25x - 16%

=> 1.25x - 16% ( 1.25x )

=> 1.25x - 0.2x

=> 1.05x = actual seeling price

Gain = Selling price - cost price

=> Gain = 1.05x - x

=> Gain = 0.05x

Percentage of gain = ( Gain / SP ) * 100

=> % gain = ( 0.05x / 1.05x ) *100

=> % gain = ( 0.0476 ) * 100

=> % Gain = 4.76%