Question

A shopkeeper marks his goods 20% above cost price,but allows 30% discount for cash. what is his net loss profit?

Answer 1

Answer:

Let

C.P. = 100

then M.P. =100+100×20 /100

=> 120

Now,

discount be 30%

so,

S.P = 120-120 ×30 /100

=> 120-36 = 84

Profit = 100 -84 =16

Profit % = 16×100/100

=> 16% Profit %

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@GauarvSaxena01

Answer 2

The net loss% is 16%.

Step-by-step explanation:

Since we have given that

Marked price is above the cost price by 20%

Discount = 30%

So, we need to find the net loss or profit.

So, Let the cost price be 100.

So, it becomes,

$MP=CP\times \dfrac{100+P}{100-Discount}\\\\120=100\times \dfrac{100+P}{100-30}\\\\1.2=\dfrac{100+P}{70}\\\\1.2\times 70=100+P\\\\84=100+P\\\\P=84-100\\\\P=-16\\\\Loss=16\%$

Hence, the net loss% is 16%.

# learn more:

A shopkeeper marks his goods 20% above cost price,but allows 30% discount for cash. what is his net loss profit?

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