Question

an article was marked 40 % above the cost price and a discount of 35% was given on its market price find the gain or loss percentage​

Answer 1

Answer:

9% loss

Step-by-step explanation:

let the cost price be 100

the selling price was marked 40 % above cost price

selling price = 100*40/100 +100/-

                     = 140/-

item was sold with 35 percent discount

apply discount to 140

140*35/100 = 49

subtract the final amount from selling price = 140-49

                                                                        = 91

it was sold below cost price so loss occurred

loss = (100-91)/100*100

       = 9%