Let's solve this step by step:

1. Assume the cost price of the article is $100.
2. The man sells it at a profit of 20%, so the selling price is $120.
3. If he had bought it for 20% less, the cost price would be $80.
4. But he sells it at the same price, which is $120.
5. Now, the gain is the selling price minus the new cost price, which is $120 - $80 = $40.
6. To find the gain percentage, we divide the gain by the cost price and multiply by 100. So, the gain percentage is ($40/$80)*100 = 50%.

So, the answer is 50%.

Question

Let's solve this step by step:

1. Assume the cost price of the article is $100. 
2. The man sells it at a profit of 20%, so the selling price is $120.
3. If he had bought it for 20% less, the cost price would be $80.
4. But he sells it at the same price, which is $120.
5. Now, the gain is the selling price minus the new cost price, which is $120 - $80 = $40.
6. To find the gain percentage, we divide the gain by the cost price and multiply by 100. So, the gain percentage is ($40/$80)*100 = 50%.

So, the answer is 50%.

Knowee AI · Accepted Answer

Let's solve this step by step:

1. Assume the cost price of the article is $100. 
2. The man sells it at a profit of 20%, so the selling price is $120.
3. If he had bought it for 20% less, the cost price would be $80.
4. But he sells it at the same price, which is $120.
5. Now, the gain is the selling price minus the new cost price, which is $120 - $80 = $40.
6. To find the gain percentage, we divide the gain by the cost price and multiply by 100. So, the gain percentage is ($40/$80)*100 = 50%.

So, the answer is 50%.

A man sells an article at a profit of 20% If he had bought it for 20% less but sells at the same price, find the gain % Options :50%20%30%none

Question

Solution

Similar Questions

Upgrade your grade with Knowee