Question

if a shopkepper marks the price of goods 50% more than their cost price and allows a discount of 40% what is his gain or loss percent
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Answer 1

let cp of a article = £ 100

Marked price = £ 150.

S. P = 150 * 60 / 100 = 90

Loss = 100 - 90 = £ 10

therefore loss is £10.

hope it helps you.

Answer 2

Answer:

loss is 10%

Step-by-step explanation:

suppose an item is of ₹100

50% more on that means new cost is ₹150

now, 40% discount on dat, means:

40% of 150 = ₹60

that means ₹60 discount is given, selling price is 150-60= ₹90

₹10 loss, as its real price was ₹100

so loss% = 10%