Question

A shopkeeper marks his goods 50% above the cost price, but allows a discount of 20% on the marked price. Find his gain percentage.

Answer 1

Answer:

Let the original C.P. be Rs. 100.

Then the marked price =50% of 100+100=150

S.P. =150−20% of 150 =150−30=120% profit

= (120−100)×100/100

=20%

Thus, the profit percent is 20%.