Question

The mp of an article is 30% higher than its cp and 20% discount is allowed on this article then the profit percentage?

Answer 1

Answer:

let the cp be X

then it's mp is =X+X×30/100

=130X/100

on giving discount of 20%

its sp =130X/100 - 130X/100 ×20/100

=13X/10 - 13X/10 ×1/5

=13X/10 - 13X/50

=52X/50

gain=sp-cp

=52X/50 -X

=2X/50

gain%=(2X/50/x) ×100

=(2X/50X) ×100

=1/25 ×100

=4%

hence he gets gain of 4%