A shop keeper after allowing a discount of 20%, he have 20% profit. How much % he has written above cost price?
Answers
Step-by-step explanation:
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%
Answer:
The shopkeeper loses 5 (it's unclear what currency you’re using, but that doesn’t matter for the purposes of answering your question).
D. The shopkeeper buys the item for 125.
A. 20% above cost is 150 (125 * 1.2)
B. A 20% discount off the marked up price is 30 (150 * .20)
C. 120 is his net sale after the discount (150 original selling price minus 30 discount)
E. The gross margin is a loss of 5 (120 net selling price minus 125 costs), i.e. C minus D
Step-by-step explanation:
The shopkeeper loses 5 (it's unclear what currency you’re using, but that doesn’t matter for the purposes of answering your question).
D. The shopkeeper buys the item for 125.
A. 20% above cost is 150 (125 * 1.2)
B. A 20% discount off the marked up price is 30 (150 * .20)
C. 120 is his net sale after the discount (150 original selling price minus 30 discount)
E. The gross margin is a loss of 5 (120 net selling price minus 125 costs), i.e. C minus D
