Question

a grocer marks his goods 20% above cost price and allow 20% discount to his customers. find his gain or loss per cent .

Answer 1

Let c.p be 100
20% above cost price
=100+100×20%
=100+20
=120
discount 20%
s.p=120-120×20%
=120-24
=96
Loss=100-96=4
Loss%=6×100/100
=6%

Answer 2

Answer:

11-1/9 %gain percentage