Question

A shopkeeper marks his article at 20% above the cost price and allows 10% discount on selling. what profit % does he marks

Answer 1

Question :

A shopkeeper marks his article at 20% above the cost price and allows 10% discount on selling. what profit % does he marks ?

Answer :

The profit % is 8 %.

Step-by-step explanation :

Let the cost price of article be ₹ 100

Marked price = 100 + 20% of 100

⇒ 100 + 20 = 120

Selling price of article -

S.P = M.P - discount % of M.P

⇒ 120 - 10% of 120

⇒ 120 - 12

⇒ 108

Here,

Cost Price = ₹ 100

Selling price = ₹ 108

Selling price is greater than the Cost price. Therefore the Profit -

Profit = S.P - C.P

⇒ ₹ (108 - 100)

⇒ ₹ 8

Profit % = (profit × 100) / C.P %

⇒ (8 × 100)/100 %

⇒ 8 %

Answer 2

Hey mate....

here's the answer....

Let cp = 100 rupees

mp = 120 rupees

D = 10%

D = 10/100 ÷ 120 = 12

MP - D = 120-12 = 108


Profit - 8 rupees.

= 8%

Hope it helps ❤️