the marked price of an article is20percent more than the cost price and discount of 20%given on the marked price in this transaction there is
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Let the cost price = x
Marked price is 20% more than CP
Marked price = x + 20/100 × x = x + 0.2x = 1.2x
Discount = 20% on Marked price.
Discount = 1.2x × 20/100 = 0.24x
Selling price = MP - discount = 1.2x - 0.24x = 0.96x
Loss = CP - SP = x - 0.96x = 0.04x
Loss % =( 0.04x / x ) × 100 = 4%
Marked price is 20% more than CP
Marked price = x + 20/100 × x = x + 0.2x = 1.2x
Discount = 20% on Marked price.
Discount = 1.2x × 20/100 = 0.24x
Selling price = MP - discount = 1.2x - 0.24x = 0.96x
Loss = CP - SP = x - 0.96x = 0.04x
Loss % =( 0.04x / x ) × 100 = 4%
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