A shopkeeper sells an article at 10% discount on the marked price, which is 20% above the cost price. Find the profit he makes if he sells the article for ₹10.08.
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D. The shopkeeper buys the item for 125.
A. 20% above cost is 150 (125 * 1.2)
B. A 20% discount off the marked up price is 30 (150 * .20)
C. 120 is his net sale after the discount (150 original selling price minus 30 discount)
E. The gross margin is a loss of 5 (120 net selling price minus 125 cost), i.e. C minus D
A. 20% above cost is 150 (125 * 1.2)
B. A 20% discount off the marked up price is 30 (150 * .20)
C. 120 is his net sale after the discount (150 original selling price minus 30 discount)
E. The gross margin is a loss of 5 (120 net selling price minus 125 cost), i.e. C minus D
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