Question

Goods are sold so that when 2 % is taken off the selling price, a profit of 40 % is realized. By what

percent is the sale price higher than the cost price?​

Answer 1

Let us assume

C.P is 100

He marked 40% so

Mark price is 140

Given earns profit of 12% after discount

The price he sold after discount is

SP =112

Discount =140-112=28

Discount percent= (28*100/140)=20%

Hence discount percent is 20%

Answer 2

Answer:

$42\frac{6}{7} per cent$

Step-by-step explanation:

Let CP=100

Loss=2

So, SP=98

Now they are sold. Hence, for the receiver,

CP=98

Profit realized=40%

That is, 140

Profit=

$\frac{140-98}{98} *100%$

=$\frac{300}{7}$ per cent

=$42\frac{6}{7}$ per cent.

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