Question

A shopkeeper marks is good 40 % above the cost price but allows 40% discount for cash what percent profit loss does he make​

Answer 1

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= MP (1-D%)

= CP (1+G%)

= 140 × (3/5)

= 100 (1+ G%)

= 84/100

= 21/25

therefore there is a loss of 4/25 [i.e. 1- (4/25) ]

$<marquee>$ ANSWER

16% loss. ( 1/25 = 4%)