Question

The marked price of an article for sale is 20% of its cost price. How much percent does the dealer gain by allowing a discount of 15%​

Answer 1

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$\large \red{Answer}$

⇨Let the cost price (CP) be Rs 100

⇨Marked price = CP + 20% of Cost Price

⇨Marked Price =(100+20)% of 100=100+

20/100×100=120

⇨Discount of 15% on marked price is given

Hence, selling price = Marked Price - 15% of Marked Price

⇨Selling Price = 120−15/100 ×120 = 120−18= Rs 102

⇨Profit =SP−CP=102−100=Rs 2

⇨Now, Profit Percent = Profit/CP×100= 2/100 ×100

=2%

⇛Profit % = 2%

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