An article was marked 40% above the cost price and a discount of 35% was given on its marked price. Find the loss percent.
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Answer:
Step-by-step explanation:
Let say Cost Price of Article = 100C
article was marked 40% above cost price
=> Marked Price = 100C + (40/100)100C = 140C
discount of 35% was given on its marked price
35 % Discount = (35/100) * 140C = 49C
Selling Price = Marked Price - Discount
= 140C - 49C
= 91C
Loss = 100C - 91C = 9C
Loss % = (9C/100C) * 100 = 9%
9% Loss
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