Question
A vendor priced an item 45% higher than its cost price. If
he sells it at a 5% discount, what is the vendor's gain percentage?Solution
ATQ,
Let the cost price of the item be Rs. '150b'
So, marked price = 150b * 1.45 = Rs. '217.5b'
So, selling price = 217.5b * 0.95 = Rs. '206.625b'
So, required gain percentage = {(206.625b - 150b)/150b} * 100 = 37.75%
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