Question

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

Answer 1

Answer:

16%

Step-by-step explanation:

Let the cost price of goods = Rs. 100

Market price of goods

= 120% of 100 = 120100×100 = Rs. 120

After discount selling price of goods

= 70% of 120

= Rs. 84

Loss = 100−84=Rs.16Loss % = 16100×100=16%

Alternate :

Formula = x±y± x×y100Loss% = 20−30−20×30100=−10−6=−16% (Loss)