Question

An article is marked 40% above tge cost price and discount of 20% on marked price was given . Find the gain% or loss% on the sale

Answer 1

Cost price of article =100%

Article marked price 40% more than cost price

So, m.r.p= 140%

After 20% discount on marked price

Means selling price is = 118%

There is definitely profit

Profit = S.p-C.p

Profit= 118-100=18%

Profit=Gain=18%