Question

Avendor marks his goods 24% above the cost price and allows a discount of 25%. What is his gain or loss
percent?​

Answer 1

Answer:

7%

Step-by-step explanation:

suppose let's cost price=100

marks his price 24% above cost price = 124

then allows a discount 25% which is 31 from 124

you can calculate 25*124/100

so his cost price =100 but selling price is 124-31 = 93

he is selling at loss of 7 rupess which is 7%