Question

Chander purchased a watch 20%discount on its market price but sold it at the market price find the gain percent of Chander on the transaction
It’s urgent please solve it

Answer 1

Let the MPof watch =100R
Discount =MP-20%MP
100-20
80R
SP of watch= 100R
gain=SP-CP
100-80
20
Gain% = 70/80×100
= 25%

Answer 2

The Gain percentage  of Chander on the transaction is 25%.

• Let the cost price of the watch be x.

• Now, Chander purchased the watch at 20% discount, the purchasing price of Chander is x - 0.2x = 0.8 x.

• Now Chander sold it at the same price as the cost price of the watch.

• Now the cost price of the watch is x.

• Now we have to find the gain percentage of Chander.

Gain = x - 0.8x = 0.2x

• Now, profit percentage = $\frac{Profit}{Purchasing \ price \ of \ Chander}$ × 100

• Profit percentage = $\frac{0.2x}{0.8x}$ × 100 = 25%.