Question

A shopkeeper marks an article which is 60% more than the cost price and allows a discount of 25% on it. Find his gain percent​

Answer 1

Answer:

20%

Step-by-step explanation:

Let the cost price be Rs. 100.

Then, marked price = Rs. 160.

Discount = 25% of Rs. 160 = Rs. 40.

Selling price = Rs. (160 - 40) = Rs. 120.

Gain = Rs. (120 - 100) = Rs. 20.

Gain% = (20/100) * 100 = 20%.

Therefore, the gain percent is 20%