## 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

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## Answers ( )

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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