Question

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 percent.

Answer 1

Dealer marks his goods 35% above th cost price.
Means if the cost price is 100 rupees so the marked price is (100+35)=135 rupees.
Discount is 20% on the marked price.
So after discount the price will be (135-20% of 135)=135-(20×135)/100=135-27=108
Means he will sell that good at rupees 108.
Means the gain will be (selling price-cost price) =108-100=8
Means 8%.