Question

Rajan purchases a purse at 25% discount on its market price but sold it at the Marked price find the gain percent rajan on this transaction

Answer 1

let the marked price of the purse be mp. then the discount is (25mp/100 = mp/4)

so the cost price of the purse is mp - (mp/4) = 3mp/4

he sells it at the marked price so the selling price of the purse is mp

we know that gain percent = (sp - cp)/cp * 100

so by substituting we get (mp - 3mp/4)/3mp/4 * 100

solving we get gain percent = (100/3) = 33.33%