Practicing Success
Mohan offers to sell his articles at a discount of 20%, but he marks his articles by increasing the price of each by 35%. What percentage would his gain be? |
10% 7% 8% 9% |
8% |
Let the marked price of the article = 100 Markup = 35% Marked price = 135% of 100 = 135 Discount = 20% Selling price of the article = 80% of 135 80% of 135 = 108 Profit = 108 - 100 = 8 Profit% = 8 × \(\frac{100}{100}\) = 8% |