Question

a grocer marks his goods 20% above cost price but had to sell the goods at a discount of 20% on the marked price find the gain or loss percent in the transaction ​

Answer 1

Answer:

8%

Step-by-step explanation:

Let be cost price =Rs.100

Then mark price =Rs.120

∴ Selling price =90% of 120

=100120×90=Rs.108

Profit = Selling price− Cost price

=Rs.(108−100)=Rs.8

Profit % =1008×100

=8%

Answer 2

Answer:

4%

• Let CP be 100.
• Given,

Gain;- 20%

1. Marked price= 100+ 20% of 100

• = 100+20

= 120

3. Given,

Discount;- 20%

Now, SP= Marked - 20% of Marked price

= 120- 20% Of 120

= 120- 24

= 96

Here CP is greater than SP

Therefore (loss)

Loss = Marked price - Selling price

Loss = 100- 96

= 4

Loss % = Loss/ marked price × 100

= 4/100 (100)%

= 4%