Question

4. The cost price of the goods for a shopkeeper was X. He marked them at a 20% higher price than the Cost Price. Finally, he sold the goods at 30% discount. Did he earn a profit or incur a loss? How much?​

Answer 1

Answer:

Let the C.P. of goods = Rs. 100

M.P. of goods = 120% of 100 = Rs. 120

S.P. after Discount = 70% of 120 = Rs. 84

Loss = 100 - 84 = Rs. 16

Loss % = 16100×100=16

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