Question

A shopkeeper marks his goods 10% above the
cost price and allows a discount of 10%. Calculate
his gain or loss per cent.
With full steps one by one

Answer 1

Step-by-step explanation:

Let the CP be 100

MP=10%of CP

MP=10/100*100+100=110

Discount =10%

SP=100-10/100*110

90/100*110=99

Since CP is more than the SP, so there is loss of rupee 1

Loss percent =loss/CP*100%

1/100*100%=1%