Question

5. A shopkeeper marks his goods 20% above the cost price, but allows 30% discount for cash. What is hisnet loss per cent?


EXPLAIN IT TOO.​

Answer 1

Answer:

16%

Description for Correct 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%

Hence, the net loss% is 16%.

A shopkeeper marks his goods 20% above cost price,but allows 30% discount for cash.

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