Question

A shopkeeper marks his goods 20% number with its cost price and give 15% discount. Find his profit or loss percent.

Please give step by step calculation. If possible then pls attach a pic of d solved ans.
Thankyou in advance ​

Answer 1

Step-by-step explanation:

Given :

Marked price ( MP ) = 20 %

Discount = 15 %

According to the question :

Let the Cost price ( CP ) be ' 100 '

☞ So, MP = 100 + 20

=> Rs. 120.

☞ Discount = 15 % of MP

=> 15 × 120 / 100

=> Rs. 18.

Finding SP :

☞ SP = MP - Discount

=> 120 - 18

=> 102.

Therefore, it's a Gain.

Gain % :

☞ Gain = SP - CP

=> 102 - 100

=> Rs. 2.

☞ Gain Percentage = Gain / CP × 100

=> 2 / 100 × 100

=> 2 %.