Question

2. A shopkeeper increased the price of a product by 50% and later on
reduced the price by 50% the shopkeepers loss was
2​

Answer 1

Answer:

no the shopkeeper has no loss

Answer 2

The shopkeeper has faced an overall loss of 25%.

Given:

A shopkeeper increased the price of a product by 50% and later on

reduced the price by 50% the shopkeepers.

To Find:

The loss occurred.

Solution:

In cases where the price of a commodity is firstly increased or decreased and then suddenly decreased or increased, successive percentage formula is used to compute the overall profit and loss.

This formula is given by,

$a\%-b\%-\frac{ab}{100}$

Here 'a' is taken as positive and 'b' as negative.

Use the mentioned formula to find the overall increment or decrement.

$50\%-50\%-\frac{50\cdot 50}{100}=0-\frac{2500}{100}\\ =25\%$

Thus, the shopkeeper has faced an overall loss of 25%.