Question

A trader marks his goods 40% above the cost price. He sells the at a discount of 20%. What is his loss or gain percentage?

Answer 1

Hey!

Let the cost price be 100x.

Marked price = 100+(40% of 100x) =140x.

Discount= 20%.

Selling price= 140x-20%of 140x=140x-28x=112x.

Gain= Sp-Cp.
= 112x-100x= 12x.

Gain%= (gain/cp)×100.
= (12x/100x)*100.
= 12%.

Hope it helps.