Question

the Marked price of an article is 30percent above its selling price and the cost price is 35% less than its marked price find the discount percent and gain percent​

Answer 1

Let the SP be 100

Marked Price = 130 (30% above SP)

CP = 84.5 (35% less than M.P. ie 65% of 130)

Profit = 15.5 (SP -CP)

Profit % = 15.5/84.5 × 100= 18.34%**

Discount allowed : 30

Discount % = 100/130 × 30 = 300/13=23% approx.**

**Not sure about my answer. Fellow quorans please feel free to correct my mistakes.