Question

A vendor marks his goods 24% above the cost price and allows a discount of 25%. What is this 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

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Answer 2

Answer:

-7% Loss

suppose CP = 100

then Marked Price will be 100+24%= 124

then discount will always be calculated on marked price which will be 124 - 25% = 93

hence CP=100 , SP=93

Then there will be total of 7% Loss

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