Question

A dealer marks his goods at 30% above the cost price and allows a discount of
20% on the marked price .Find his total profit or loss percentage.

Answer 1

Answer:

Let the cost price of the goods 100%.

If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.

If he allows a discount of 15% on marked price on cash payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.

To find selling price, find 85% of marked price.

Selling price of his goods will be (130*85)/100 = 110.50%

% profit = (110.50 - 100) = 10.5%

Answer 2

Answer:

Here goes the solution!

SP = 130% of CP

Discount for cash payment - 15%

Cash receivable = (1–15%) of 130% of CP

Or 85% x 130% of CP

Or 110.5% of CP

Gain shall be 10.5% of cost price.