The marked price of an article for sale is 20% of its cost price. How much percent does the dealer gain by allowing a discount of 15%?

Expert Solution

Solution:

The marked price of an article for sale is 20% of its cost price.

Let the CP of the article be Rs. 100

Marked Price = 100 ×100/80 = 𝑅𝑠. 125

Then, SP after discount = 125 × 85/100 = Rs. 106.25

Gain Percent = (106.25 − 100/100) × 100 = 6.25%

6.25%

Nipun Maity answered 3 years ago

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