Question

The marked price of an article is Rs 2,800 which is 40% above the cost price. If it is sold
by allowing 20% discount, what would be the gain percent?​

Answer 1

Answer:

MP - 2800

it is 40℅ more than CP

discount = 20%

Step-by-step explanation:

1. let the CP be x
2. 40/100 * x + x = 2800
3. 4x/10 + x = 2800
4. 4x + 10x/10 = 2800
5. 14x = 28000
6. x = 28000/14
7. x = 2000
8. hence CP = 2000 rupees

after discount profit = 20/100 * 2800

1. 2800 - 560 = 2240
2. means the new SP is 2240
3. profit = SP - CP/100
4. 2240 - 2000/100
5. 240/100
6. 2.4% is the answer