a trader marks his goods 20% above cost price but allow a discount of 5% find his gain percent
please tell me the answer very fastly with step by step explanation
please tell me the answer very fastly with step by step explanation
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Answer:
2%
Step-by-step explanation:
Let CP be cost price
MP be market price
SP be selling price
Then
Let CP = Rs 100
MP = Rs 120 [20% above CP]
Discount = 15%
ie = 15% of MP
=(15/100)×120=Rs. 18
SP = MP- Discount
=(120−18)rs
=Rs102
gain % =CPgain⇒100
=(2/100)×100
=2 %