Question

A shopkeeper marks his goods 12% higher than it's original price then allows 12% discount find it's profit or loss percentage

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Answer 1

Answer:

Step-by-step explanation:

Marked price =100+12%of 100

=(100+12)

MP=112 rs

Shopkeeper gives the discount of 12% on marked price.

Then the Discount=12%of 112

=12x112/100=13.44

So, Discount= Rs 13.44

Now, Selling Price=Marked price-Discount

SP=112-13.44=98.56 Rs.

loss=Cost price-selling price

=100-98.56=1.44 Rs

Loss percentage=(lossx100)/CP

=1.44x100/100=1.44%  

∴ The loss percentage is 1.44

Answer 2

Answer:

Step-by-step explanation:

Profit or loss percentage =net%change

(+12-12-12×12/100)%=1.44%

So we can see sign is positive so profit percentage is 1.44