An article is marked 40 % above the cost pric | vedclass

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(C) Let the $C.P.$ (Cost Price) of the article be $Rs. 100$.Since the article is marked $40 \%$ above the cost price, the Marked Price $(M.P.)$ $= 100

Vedclass · Accepted Answer

$2 \%$ loss

Vedclass · Answer

(C) Let the $C.P.$ (Cost Price) of the article be $Rs. 100$.Since the article is marked $40 \%$ above the cost price, the Marked Price $(M.P.)$ $= 100 + 40 = Rs. 140$.A discount of $30 \%$ is allowed on the marked price.$S.P.$ (Selling Price) $= M.P. - (30 \% 	ext{ of } M.P.) = 140 - (0.30 	imes 140) = 140 - 42 = Rs. 98$.Since the $S.P.$ $(Rs. 98)$ is less than the $C.P.$ $(Rs. 100)$, there is a loss.Loss $= C.P. - S.P. = 100 - 98 = Rs. 2$.Loss percentage $= (	ext{Loss} / C.P.) 	imes 100 = (2 / 100) 	imes 100 = 2 \%$.

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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