Question

A shopkeeper lists his goods at 20% above cost price and allows a discount of 10% What is his gain or loss
percent?​

Answer 1

Answer:-

$answer \: 8 \times \frac{1}{4}\%$

Step By Step

Let CP will be Rs.100

Marked Price = Rs.120

10% Discount on Marked Price = 10% of Rs.120 = =Rs.12

So, SP = 120 -12

= Rs.108

Gain = SP – CP = 108 – 100 = Rs.8

= (8 × 100) / 100 = 8%