Question

A shopkeeper marks his goods 12%higher than its original price than allows 12%discount. Find his profit or loss.

Answer 1

Answer:

Loss=1.44

Step-by-step explanation:

Let the original price or the cost price of the goods be ₹100

As the shopkeeper marks his goods 12% higher than its original price,then the marked price=100+(12% of 100)

⇨100+12=₹112

Marked price of the goods=₹112

Discount given=12% on marked price

Amount of discount=(112*12)/100

⇨1344/100

⇨Discount = ₹13.44

Now,

Selling price=Marked price-Discount

S.P. = 112-13.44

Selling price=₹98.56

Now,

Loss=Cost price- Selling price

Loss percentage=(Loss*100)/Cost price

⇨(1.44*100)/100

Loss=1.44

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