SOLUTION: if someone got profit of 20% on selling an article and and give 10% discount on mark price so if he gives the disount of 20% what will be the profit/loss percent...???

Question 981005: if someone got profit of 20% on selling an article and and give 10% discount on mark price so if he gives the disount of 20% what will be the profit/loss percent...???
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
if someone got profit of 20% on selling an article and and give 10% discount on mark price so if he gives the discount of 20% what will be the profit/loss percent...???
:
let x = original cost of the article
then
1.2x = the selling price of the article 20% above cost)
:
10% discount means you pay 90% of the price
.9(1.2x) = 1.08x is the price now
:
he gives the discount of 20% (means you pay 80% of the price now)
.8(1.08x) = .864x
:
what will be the profit/loss percent...???
actual price - cost = profit/loss
.864x - x = -.136 or 13.6% loss
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