Question

A shopkeeper marks his goods 20% higher above the cost price and also gives a discount of 10%. Find his gain percent.

Answer 1

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Answer 2

Answer:

Gain profit = 8%

Step-by-step explanation:

Given : A shopkeeper marks his goods 20% higher above the cost price and also gives a discount of 10%.

To find : His gain percent?

Solution :

Let the cost price be  Rs. 100

A shopkeeper marks his goods 20% higher above the cost price

Then the market price is

$M.P=100+\frac{100\times20}{100}$

$M.P=100+20$

$M.P=120$

Now, discount of 10%.

So, Selling price is

$S.P=120-\frac{120\times10}{100}$

$S.P=120-12$

$S.P=108$

Now, Profit = Selling price - cost price

Profit = 108-100

Profit = Rs. 8

Profit in percentage,

$\text{Profit}= \frac{8\times 100}{100}=8\%$