Question

Rahul marks up the cost price of a jean by 50%​ and then offers a discount of 30%​ . What is his profit/loss percent on the jeans?

Answer 1

Step-by-step explanation:

Lets assume that the Cost Price(CP) for the article is =100

∴Marked Price(MP) = CP+30% of CP= 100+((30/100)*100)=130

Since Discount(D) is applied on the MP,

Selling Price(SP) = MP-(D% * MP)

∴SP = 130 - ((30/100)*130)= 130 - 39= 91

Since SP is lower than CP,

Loss(L) = CP-SP = 100 -91=9

∴L% = (L/CP)*100= (9/100)*100=9%

Answer Loss% is 9%

PS- If you have any doubt regarding to the above solving please feel free to ask in the comment section

PSS- If you feel that x% increase then x% decrease cancel each other out, this question proves that they don’t. So don’t make a mistake! :)

Answer 2

Answer:

Loss is 9 %

Step-by-step explanation:

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