A shopkeeper buys rice from wholesaler @ 30% discount on marked price if shopkeeper gives discount of 20% on marked price while selling the same rice find net profit or loss percentage
Answers
Answered by
0
Answer:
Let p be the marked price
He buys at p(1-.3)=0.7p price
He sells at p(1-.2)=0.8p
He gains =0.8p-0.7p =0.1p
% profit=(0.1p/0.7p)×100=100/7=14.3%
Similar questions