Question

a shopkeeper marks his goods at 20 percentage above cost
price but allow 10 percentage discount for cash what is his net profit percent​

Answer 1

A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment.His net loss is :

A) 8%

B) 10%

C) 16%

D) 20%

Correct Answer:

C) 16%

Description for Correct answer:

Let the C.P. of goods = Rs. 100

M.P. of goods = 120% of 100 = Rs. 120

S.P. after Discount = 70% of 120 = Rs. 84

Loss = 100 - 84 = Rs. 16

Loss % = 16100×100=16