Question

Arun marks up the computer he is selling by 20% profit and sells them at a discount of 15%. Aruns net gain percent is

Answer 1

Let the cost of computer is x.

Cost = x.

Arun marked price = 20% higher = 120x/100

Discount given  = 15%.  

So selling price = 85*(Marked price)/100

= 85 * 120x/(100 * 100)

= 17 * 6x/(20 * 5)

= 17*3x/(50) = 51x/50.

Profit = 51x/50 - x = x/50

Final profit for Arun = profit*100/cost

= x*100/50*x = 2

Hence profit is 2%