Question

A trader marks his goods 40% above the cost price and gives a discount of 20% on the marked price. Find his gain percent.

​

Answer 1

Hello user

Let the original CP be 100

So, market price = 140

SP = 112

So, gain% = 12/100 * 100

= 12%

Hope this has made your day

Answer 2

Let the cost price is 100

Finding Marked price -

40% of 100 + 100

= 40 + 100

= 140

Marked Price = 140.

Finding discount -

Discount on Marked Price.

Discount % = 20 % (Given)

Discount = 140 x 20/100 = 28

Finding Selling Price -

Selling Price = Marked Price - Discount

Selling Price = 140 - 28

Selling Price = 112 .

Finding Gain -

Gain = Selling Price - Cost Price

Gain = 112 - 100

Gain = 12

Finding Gain Percentage -

Gain % = Gain/Cp x 100

Gain % = 12/100 x 100

Gain % = 12 %.

Hence :

Gain Percentage = 12 % .

✌️HOPE IT WILL HELP YOU✌️