Question

9. A grocer marks his goods 20% above cost price
and allows 20% discount to his customers. Find
his gain or loss per cent?​

Answer 1

Explanation:

let CP be ₹x

mp=₹x+20% of X=₹6x/5

discount=20%

discount price=₹20%of 6x/5=₹6x/25

sp=mp-discount price=₹6x/5-₹6x/25=°₹24x/25

here cp is greater than sp,so loss

loss=cp-sp=₹x-₹24x/25=₹x/25

loss %=(X/25÷x×100)%=4%