If a dealer marks his goods at 35% above the cost price and allows a discount of 20% on the arket price. How do I find his gain or loss percent?
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he buys the good at Rs. X
then sells the good at 35% more rate than the original cost =
X + (35/100)X = (135100)X
nut also gives a discount of 20% on the new cost price =
(1/5/100)X - (20/100) * [(135/100)X]
=(108/100)X
=X +(8/100)X
that means he sells the good at 8% profit
then sells the good at 35% more rate than the original cost =
X + (35/100)X = (135100)X
nut also gives a discount of 20% on the new cost price =
(1/5/100)X - (20/100) * [(135/100)X]
=(108/100)X
=X +(8/100)X
that means he sells the good at 8% profit
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