An article was marked 40% above the cost price and a discount of 35% was given on its marked price. Find the gain or loss percent

Question

An article was marked 40% above the cost price and a discount of 35% was given on its marked price.
Find the gain or loss percent.
all musical instruments and still makes a profit of​

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Bella 1 week 2021-11-19T15:40:47+00:00 1 Answer 0 views 0

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    2021-11-19T15:41:53+00:00

    Answer:

    9% Loss

    Step-by-step explanation:

    Let say Cost Price of Article = 100C

    article was marked 40% above cost price

    => Marked Price = 100C + (40/100)100C  = 140C

    discount of 35% was given on its marked price

    35 % Discount = (35/100) * 140C =  49C

    Selling Price = Marked Price – Discount

    =  140C – 49C

    = 91C

    Loss = 100C – 91C = 9C

    Loss % = (9C/100C) * 100 = 9%

    9% Loss

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