Question

A trade marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent. ( I want proper explanation)

Answer 1

Step-by-step explanation:

let, cost price = CP = 100.

then marked price = MP = 100 * 40/100 + 100

= 140.

discount 25%.

Then selling price = SP = 140 * 75/100

= 105.

profit = SP - CP

= 105 - 100

= 5.

profit % = 5/100 * 100 = 5%