Question

A shopkeeper marks his goods 20 percent above cost price but allows 30 percent discount for cash .what s his net loss percent

Answer 1

Answer:

16%

Step-by-step explanation:

Let the cost price of any of his goods be Rs 100

Then, it's marked price =Rs 120

Discount =30%of Rs 120=Rs(30*120/100)=36

Therefore , Selling price =

M. P-discount

=Rs(120-36)=Rs84

Loss=cost price - selling price =Rs(100-84)= Rs 16

There fore , On a cost of Rs100, gain =16

Hence the loss percent is 16%