Question

An article was sold for INR 798, after giving 12.5% discount on its marked price. Had the discomt not t given, the profit would have been 20%. Had the article been sold for INR 733 40, what would have been the loss/gain percent?

Answer 1

Answer:

Loss 3.5%

Step-by-step explanation:

sp1 =798

then discount on mp is 12.5%

then mp=798*100/87.5 (mp=100 then sp=87.5)

mp=912

if mp = selling price profit =20%

cp(cost price)= 100*912/120

cp=760

now sp=733.40

loss=(733.40-760)/760

loss= 0.035 *100

loss=3.5 %