Question

A shopkeeper marks his goods 40% above the cost price, but allows 40% discount for cash. What percent profit or loss does he really make

Answer 1

Step-by-step explanation:

Let the cost price be rs 100

Let marked price be rs 140. (100/100*140)

so the final price or sale price after 40 discount on marked price is rs 84.

(140/100*60) =84

Hence there is a loss of rs 16 as compare to cost price.

Answer 2

Answer:

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Step-by-step explanation:

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