An article is marked 40 % above the cost pric | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(C) Let the $C.P.$ (Cost Price) of the article be $Rs. 100$.Since the article is marked $40 \%$ above the cost price, the Marked Price $(M.P.)$ $= 100

Vedclass · Accepted Answer

$2 \%$ loss

Vedclass · Answer

(C) Let the $C.P.$ (Cost Price) of the article be $Rs. 100$.Since the article is marked $40 \%$ above the cost price, the Marked Price $(M.P.)$ $= 100 + 40 = Rs. 140$.A discount of $30 \%$ is allowed on the marked price.$S.P.$ (Selling Price) $= M.P. - (30 \% 	ext{ of } M.P.) = 140 - (0.30 	imes 140) = 140 - 42 = Rs. 98$.Since the $S.P.$ $(Rs. 98)$ is less than the $C.P.$ $(Rs. 100)$, there is a loss.Loss $= C.P. - S.P. = 100 - 98 = Rs. 2$.Loss percentage $= (	ext{Loss} / C.P.) 	imes 100 = (2 / 100) 	imes 100 = 2 \%$.

An article is marked $40 \%$ above the cost price and a discount of $30 \%$ is allowed. What is the gain or loss percentage?

Similar Questions

If two successive discounts of $20 \%$ and $30 \%$ are given,what is the net discount (in $\%$) ?

The selling price of a radio was $Rs. 255$ when $15 \%$ discount was allowed. Then the marked price of the radio was (in $Rs.$)

The true discount on a bill of $Rs. 720$ is $Rs. 80$. The banker's discount is (in $Rs.$)

What was the rate of discount if a computer with a marked price of $Rs. 30,000$ was sold for $Rs. 28,000$? (in $\%$)

$A$ trader marks the sale price $25\%$ more than the cost price and gives a $10\%$ discount at the time of selling. The gain percent is (in $\%$)

Vedclass Test Series

Exam Paper Generator

Online Exam Module