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:

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

Answer 2

Step-by-step explanation:

$\sf \red{Let \: the \: cost \: price \: be \: x}$

$\sf \orange{Then \: Marked \: price \: =x + x \frac{24}{100} = \frac{32x}{25} }$

$\sf \purple{selling \: price= \frac{32x}{25} - \frac{25}{100x}}\\\sf \purple{ x = \frac{103x}{100}}$

$\sf \blue{profit= \frac{103x}{100 - x}} \\ \sf \blue{ = \frac{3x}{100}}$

3x/100÷x × 100

=3%profit