Question

A shopkeeper marks his goods 10% above the
cost price and allows a discount of 10%. Calculate
his gain or loss per cent. by method X
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Answer 1

Answer:

1%

Step-by-step explanation:

m.p= c.p+10%of cp

let c.p=100 m.p= 110

discount =10% on m.p

so ,discount=11 rupees

sp=m.p-discount

s.p=110-11=99 rupees

as ,sp is less than c.p so loss

loss% = (c.p-s.p)*100/c.p (100-99)*100/100

=1%