Question

Jasleen marked her goods at 20%above cost price.and allows discount 25%on the marked price .find out gain or loss%

Answer 1

Let the cost price = 100

Jasleen marked her goods at 20%above cost price.

20% of 100 = 100 × 20/100 = 20

Marked price = 100 + 20 = 120
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She gives 25% discount on the marked price .

25% of 120 = 120 × 25/100 = 30

Selling price = 120 - 30 = 90
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Loss = CP - SP = 100 - 90 = 10

Loss % = loss/CP × 100 = 10/100 × 100 = 10%