Question

The marked price of an article is 25% above its selling price and the cost price is 30% less than its marked price. Find the discount percent and gain percent. (SLC 2060 A1, 2065 E] !​

Answer 1

Answer:

Suppose, selling price = 100 rupees.

So, marked price = 125 rupees

Percentage of discount ={(125 - 100) / 125} * 100% = 20%.

Cost price = (70 / 100) * 125 rupees = 87.5 rupees.

Gain percentage = {(100 - 87.5) / 87.5} * 100% ≈ 14.2856%.