An article is marked 40% above the cost price and a discount of 30% is allowed. What is the gain or loss percentage ? ?->(Show Answer!)

1. An article is marked 40% above the cost price and a discount of 30% is allowed. What is the gain or loss percentage ?

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By: anil on 05 May 2019 02.01 am

Let the cost price be 100.
so marked price will be 140
due to 30% discount, selling price is (1 - 0.3)*140 = 98
Hence, change= 98-100 = -2% = 2% loss

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