Question

An article is marked 50% above the cost price and it is sold at a discount of 40% what is the gain or loss percentage?​

Answer 1

Answer:

10 % loss

Step-by-step explanation:

Let Cost Price = 100

Marked Price = 150

Discount = 40 %

Discount = 150 ×40 /100

Discount = 60

Selling Price = Marked price - Discount

Selling Price = 150 - 60

= 90

Loss = C.p - S.p

Loss = 100-90

Loss = 10

Loss percentage = 10×100/100

Loss percentage = 10%