Question

A shopkeeper mark his goods 20% above the cost price and allows a discount of 15%.what percent does he gain or lose?

Answer 1

Answer:

1.6% Gain

Step-by-step explanation:

Let the cost price be Rs100.

Hence, the marked price will be Rs 120

Discounted price = Marked price - 15% of 120

120-18= Rs102

%Gain =( 2÷120)/×100

=1.6%