Question

A TV was marked 40% above its cost price and discount of 35% was given on its marked price find gain or loss percent

Answer 1

Solution: Let the cost price of the TV is 100

The marked price is 40% more than the cost price.

Therefore, marked price = 100 + 40% of 100 = 100 + 40 = 140

Now, the shopkeeper offer's 35% discount on marked price.

Therefore, the discount amount is:

35% of 140 $= 0.35 \times 140 = 49$

Now, the selling price is:

$140-49=91$

Therefore, loss amount is:

$100-91=9$

Loss % $=\frac{9}{100} \times 100=9\%$

Hence the Loss percent is 9%