Question

A trader marks his goods 40% above the cost price. he sell them at a discount of 20% . what is his loss or gain percentage?​

Answer 1

Step-by-step explanation:

Let the C.P. of the goods =Rs100. Then,

Marked price of the goods =Rs140

Discount = 20%

∴ S.P. of the goods = 80% of Rs140=Rs112

∴ Profit % =

100

(112−100)×100=12%