Question

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

Answer 1

Given: A vendor marks his goods 24% above the cost price and allows a discount of 25%.

We have to find the gain or loss.

We are solving in the following way:

Let us assume that the cost price of the good = $100$

Now the marked price will be:

$100 + 24\%\ of\ 100$

$= 100+ \frac{24}{100} \timesv 100\\\\=100+24\\\\=124$

We have,

Discount= 25%

Now the Rest cost will be:

$=\frac{75}{100} \times 124\\\\=93$

We know that,

loss%= CP-SP

$=100-93\\=7$

Hence,

$CP=100 , SP=93$

Then there will be a total of $7$% Loss.