A shopkeeper decides to sell a certain item at a certain price. He tags the price on the item by increasing the decided price by 25%. While selling the item, he offers 20% discount. Find how many more or less percent he gets on the decided price.
Answers
Cp=100
Mp=125
Profit=125×80/100=100
125-100=25
25/125×100=20% less on decided price
No profit no loss
Answer:
no loss or profit on Decided Price
0%
Step-by-step explanation:
A shopkeeper decides to sell a certain item at a certain price. He tags the price on the item by increasing the decided price by 25%. While selling the item, he offers 20% discount.
Let say Decided Price = 100D rs
Item Price tagged by increasing 25 % on decided price
25% increased = (25/100)* 100D = 25D
Tagged Price = Decided Price + Increase on Decided Price
=> Tagged Price = 100 D + 25D = Rs 125 D
Discount offered on Tagged Price = 20%
20% Discount = (20/100) * 125D = 25 D
Selling Price = Tagged Price - Discount
=> Selling Price = 125D - 25D = Rs 100D
Decided Price = Selling Price = 100D
Difference = 0 => 0%
so no loss or profit on Decided Price