Question

A shopkeeper marks his goods 30% above the cost price and allows a discount of 13%. What is his gain %

Answer 1

Let assume
Cp=100

Then
Mrp=130

Now he allows discount of 13%*

Discount =13% of 130

=130x13/100 =₹16.9

Sp=mrp- discount

Sp=130-16.9=₹113.1

Sp>cp= profit

Profit =sp-cp

Profit =113.1-100=13.1

Profit %=profit /cp x 100

Profit %=13.1/100 x100

Profit %=13.1%


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