Question

A shopkeeper marks his good 20% above the cost price and also gives a discount of 10% find his gain percent

Answer 1

Answer:

a shopkeeper marks his good 20% the cost of price discount of 10%

Step-by-step explanation:

a shopkeeper marks good 20%

discount of 10%

=20% - 10%=10%

his gain percent 10%

Answer 2

Given data : A shopkeeper marks his goods 20% above the cost price and also gives a discount of 10%.

Solution : Let, cost price of goods is Rs 100.

• Cost price = Rs 100 ----{1}

Firstly we have to find out, 20% of cost price of goods.

Let,

➜ x = 20 % of cost price of goods

➜ x = (100/100) * 10

➜ x = 1 * 10

➜ x = Rs 20

Now,

➜ Marked price = cost price + x

➜ Marked price = 100 + 20

➜ Marked price = Rs 120

Now, a/to question, discount = 10 % of Marked price

➜ Discount = (120/100) * 10

➜ Discount = 1.2 * 10

➜ Discount = Rs 12

Now,

➜ Selling price = Marked paice - Discount

➜ Selling price = 120 - 12

➜ Selling price = Rs 108. ----{2}

Here, we know that from eq. {1} and eq. {2} selling price is greater than cost price hence it's profit.

➜ Profit = Selling price - Cost price

➜ Profit = 108 - 100

➜ Profit = Rs 8

Now,

➜ Profit % = (profit/cost price) * 100

➜ Profit % = (8/100) * 100

➜ Profit % = 0.08 * 100

➜ Profit % = 8 %

Answer : Hence, the shopkeeper's profit percent/ gain percent is 8 %.

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