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

Answer:

Loss% = 7%

Step-by-step explanation:

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

Now the marked price = 100 + 24% of 100

                                      = 100+ 24/100*100

                                      +100+ 24= 124

Discount= 25%

Rest cost= 75/100*124

               =93

So, loss%= CP-SP= 100-93=7

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Answer 2

Answer:

Step-by-step explanation:

-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