Question

The catalogued price of a watch is £ 800,but the retailer is allowed a trade discount of 40 percent. If the retailers sells the watch for £ 600,find his gain percent.

Answer 1

46.67%

Step-by-step explanation:

cp=800

discount =40%

discount=40\100×800

=480

the cp=800-480=320

sp=600

profit=600-320=280

prfit%=280/600×100=46.67%