5. A shopkeeper marks his goods 20% above the cost price, but allows 30% discount for cash.What is his net loss percent?
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Answer:
the cost price of goods = Rs. 100
Market price of goods
= 120% of 100 =
120
100
×100 = Rs. 120
After discount selling price of goods
= 70% of 120
= Rs. 84
Loss = 100−84=Rs.16 Loss % =
16
100
×100=16%
Alternate :
Formula = x±y±
x×y
100
Loss% = 20−30−
20×30
100
=−10−6 =−16% (Loss)
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