Question

The mp of an article is 20%above its sp and cp is 40 % below the mp .Find discount percent and Gain percent.​

Answer 1

let

sp = 100

then,

mp= 120

cp = 120 * 40/100 = 48

so,

Discount = mp - sp

= 120 - 100 = 20 percent

and,

gain percent = profit / cp * 100

= 52 / 48 * 100

= 108 1/3