A dealer marks his goods at 35% above the cost price and allows a discount of 20% on the marked price. Find his gain or loss per cent.

Question

Philoid · Accepted Answer

Let × be the CP of the goods.

Market Price of the goods when goods is marked above 35% of CP

Market Price = × + (35x/100)

= 135x/100

Discount Offered = 20%

Discounted Amount = 20% of 135x/100

= 27x/100

Selling Price = Market Price – Discount

= (135x/100) – (27x/100)

=108x/100

=1.08x

Since SP is more than CP, it is a case of Gain.

Gain = SP – CP

= 1.08x– x

= 0.08x

=

= 8%