Gupta buys a car at 20% discount of price and sell it at 20% higher pr

1.	Gupta buys a car at 20% discount of price and sell it at 20% higher price than original cost price. His percentage gain is
Answer» Step-by-step EXPLANATION: Let x be the cost price of the car, DISCOUNT percentage = 20%, So, the price he invested in the car = x - 20% of x = x - 0.2x = 0.8x The percentage he hiked the price on the original price = 20%, THUS, the selling price of the car =x + 20% of x = x + 0.2x = 1.2x Hence, the PROFIT % = 5%

Gupta buys a car at 20% discount of price and sell it at 20% higher price than original cost price. His percentage gain is

Answer»

Step-by-step EXPLANATION:

Let x be the cost price of the car,

DISCOUNT percentage = 20%,

So, the price he invested in the car = x - 20% of x

= x - 0.2x

= 0.8x

The percentage he hiked the price on the original price = 20%,

THUS, the selling price of the car =x + 20% of x

= x + 0.2x

= 1.2x

Hence, the PROFIT %

= 5%

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Gupta buys a car at 20% discount of price and sell it at 20% higher price than original cost price. His percentage gain is​

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Gupta buys a car at 20% discount of price and sell it at 20% higher price than original cost price. His percentage gain is