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 lose per cent in transaction​

Answer 1

Answer:

Let be cost price =Rs.100

Then mark price =Rs.120

∴ Selling price =90% of 120

=

100

120×90

=Rs.108

Profit = Selling price− Cost price

=Rs.(108−100)=Rs.8

Profit % =

100

8×100

=8%