Question

A vendor marks his goods 24% above the cost price and a the cost price and allows a discount of 25%. What is his gain or loss percent
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Answer 1

Answer:

Let the cost price be x

Then Marked price=x+x×24÷100=32x/25

selling price=32x/25 - 25÷100× x=103x÷100

profit=103x÷100 - x=3x/100

profit%=3x/100÷x × 100

=3%profit