Question

I mark up the computers.I am saving by 20% and sells them at a discount of 15%.What is my net gain%?

Answer 1

Let’s assume Arun’s cost of the computer is 100 (currency does not matter). So, for 20% profit, he must mark the computer for sale at 120 (100 + 20% of 100). Now if he gives a discount of 15%, it is calculated with the base of marked price, which is 120. So the discount is 15% of 120 = 18. Hence, the actual selling price is (120 - 18 =) 102. Since his original cost was 100, the actual profit is (102 - 100 =) 2. Hence the profit percentage is (2/100 * 100% =) 2%.

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