A shopkeeper marks his goods 50% above the cost price, but allows a discount of 20%
on the marked price. Find his gain percentage.
A 20%
B 40%
C 80%
D 100%
E 120%
Answers
Answered by
3
he gets 20 percentage
Answered by
0
Answer:
His gain is 20%
Step-by-step explanation:
Let the cost price be 100
Marked price = 100+50%of 100 = 100+ 50/100 of 100 = 100+100/2 = 150
Now discount on marked price will be 20% of 150
discounted price will be =150 - 20/100*150
=150 -30
=120...is the discounted price
Therefore profit= Discounted price -Cost price
=120-100
=20
Which means gain is one fifth of cost price i.e 20%
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