Question 1133396

A dealer marks his goods 20% above cost,but allows 5% discount to the customer. If he sells an article for ₹228, what does he gain on it?
<pre>Let cost be C		
Then selling price after markup, or before discount is 1.2C
Selling price after discount: 1.2C * .95 = 1.14C		
With FINAL selling price given as ₹228, we can say that: 1.14C = 228
C, or cost of goods = {{{matrix(1,3, 228/1.14, "=", 200)}}}
As cost is ₹200 and FINAL selling price is ₹228, gain on sale of goods = {{{highlight_green(matrix(1,3, 228 - 200, "=", 28))}}} (₹28).