Question

a shopkeeper marks his goods 20% above the cost price but allows 30% discount for cash what is the net loss percent.
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Answer 1

Step-by-step explanation:

Let the C.P. of goods = Rs. 100

M.P. of goods = 120% of 100 = Rs. 120

S.P. after Discount = 70% of 120 = Rs. 84

Loss = 100 - 84 = Rs. 16

Loss % = 16100×100=16

Answer 2

30% - 20%= 10 % is the loss of shopkeeper

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