A dealer marks his goods at 35% above the cost price and allows a discount of 20% on the marked price find his gain or loss percent?

A dealer marks his goods at 35% above the cost price and allows a disc

1.	A dealer marks his goods at 35% above the cost price and allows a discount of 20% on the marked price find his gain or loss percent?
Answer» re ! See the attachment for the solution ___________________Actually in the question it is ASKED we have to tell the percent of his gain or loss. He GAINS profit percent Hence, his gain percent = 8%.________Also note that how we can understand that there is profit or loss : We can understand that there is a profit or loss If the SP is more than CP . It's a profit . If SP is LESS than CP . it's a loss. Note : Here , in this question The SP is more than CP Hence, There is a ProfitHow much Profit ? 8% Hence , There is a profit of 8%.