A shopkeeper marks his goods at 40% above the cost price and offers a discount of 20% what is his gain percent?
plese fast its urgent
plese
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A shopkeeper marks his goods at 40% above the cost price and offers a discount of 20% what is his gain percent?
plese fast its urgent
plese
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Step-by-step explanation:
Let's assume cost price = X Rs
Since marked price is 40% above cost price.
∴MP=CP+40% of CP=X+
100
40X
=
5
7X
Rs
Discount =40%
∴SP=MP−Discount
⇒SP=
5
7X
−40% of
5
7X
⇒SP=
5
7X
−
100
40
×
5
7X
⇒SP=
5
7X
−
25
14X
=
25
21X
Here SP < CP, so there will be a loss.
∴Loss=CP−SP=X−
25
21X
=
25
4X
Rs
⇒Loss percentage=
CP
loss×100
=
X
25
4X
×100
=16%
Step-by-step explanation:
let the price of the goods be €100
so price marked =€(100×40÷100 +100)
so marked price = €140
so discount = € (140 - 140×20÷100)
so discount = €28
so present price = €112 as €(140-28)
so gain percent = ( gain/ original price ×100)%
so gain percent = {(112-100)/100 ×100}%
so gain percent = 12%