A shopkeeper gains 20% after allowing a discount of 20%. How much percent will he gain if he sells it without any discount?
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Answered by
3
Step-by-step explanation:
Assume cost price =100.
As profit %=20%, profit made after the discount =20% of 100=Rs.20
So, selling price =Rs.120.
The merchant makes this profit of 20% after a discount of 20%.
Therefore, he is selling at Marked price - 20% of marked price =80% of marked price.
i.e., 80% of marked price =Rs.120
100
80
of marked price =120
Marked price =120×
80
100
Markup =50%
Answered by
1
Assume cost price =100.
As profit %=20%, profit made after the discount =20% of 100=Rs.20
So, selling price =Rs.120.
The merchant makes this profit of 20% after a discount of 20%.
Therefore, he is selling at Marked price - 20% of marked price =80% of marked price.
i.e., 80% of marked price =Rs.120
100
80
of marked price =120
Marked price =120×
80
100
Markup =50%
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