Question

A shopkeeper marks his goods 20% above the cost price but allows a 30% discount for cash. His net loss is ____​

Answer 1

Answer:

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Step-by-step explanation:

Assume the cost price  =100

So the  marked price (20% more )=1.2×100=120

A discount of 30% on the same is  0.30×120=36

Actual SP  =120−36=84

Loss  =100−84=16=16%(Since base is 100)

A shopkeeper marks his goods 20% above the cost price but allows a 30% discount for cash. His net loss is 16%

Answer 2

Refer the above attachment!

Hope it helps ❄️