Question

A shopkeeper marks his goods 20 % above cost price but allows 20% discount for cash payment his net loss is

Answer 1

Net loss of shopkeeper for sells his goods on 20% cash payment is 4%

Answer 2

Let Cost Price be Rs.100

Marked Price=120 (After addition of 20% on CP)

Selling Price=96 (After discount of 20% on MP)

Net Loss=Loss/CP *100

              =4/100 *100

              =4%