Question

A trader marks his goods 40% above the cost price and gives a discount of 20% on marked price. find his gain %. from the chapter-profit,loss and discount

Answer 1

Answer:

12% profit

Step-by-step explanation:

let cost of good be 100

then after marking 40% extra= 140

if 20%discount then its selling price =140×80/100

=112

gain=112-100=12

%=12/100 ×100=12%

Answer 2

Given :

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

To find:

Gain percentage

Solution :

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 %