A shopkeeper marks his goods 20% above cost price,but allows 30% discount for cash. what is his net loss profit?
Answers
Answered by
53
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
Answered by
28
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,
Hence, the net loss% is 16%.
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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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