MARKED PRICE(MP) = 2 × Cost PriceLet Cost Price = X⇒ Marked Price = 2xGain when Marked Price = 2x[(2x – x)/x] × 100 = 100%⇒ for 40 % gain, Marked Price should be⇒ 0.4 = (Marked Price` - x)/x⇒ MP’ = 0.4x + x = 1.4xDiscount % = [(MP – MP`)/MP] × 100 = [(2x – 1.4x)/2x] × 100 = 30% "> MARKED PRICE(MP) = 2 × Cost PriceLet Cost Price = X⇒ Marked Price = 2xGain when Marked Price = 2x[(2x – x)/x] × 100 = 100%⇒ for 40 % gain, Marked Price should be⇒ 0.4 = (Marked Price` - x)/x⇒ MP’ = 0.4x + x = 1.4xDiscount % = [(MP – MP`)/MP] × 100 = [(2x – 1.4x)/2x] × 100 = 30% ">
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The marked price of an article is twice the cost price. For a gain of 40%, what should be the discount percentage?

General Knowledge General Awareness in General Knowledge 11 months ago

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MARKED PRICE(MP) = 2 × Cost PriceLet Cost Price = X⇒ Marked Price = 2xGain when Marked Price = 2x[(2x – x)/x] × 100 = 100%⇒ for 40 % gain, Marked Price should be⇒ 0.4 = (Marked Price` - x)/x⇒ MP’ = 0.4x + x = 1.4xDiscount % = [(MP – MP`)/MP] × 100 = [(2x – 1.4x)/2x] × 100 = 30%
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Posted on 29 Nov 2024, this text provides information on General Knowledge related to General Awareness in General Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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