A shopkeeper sells his goods at 20% above the cost price.what will be the percentage profit he will earn if he discounts the price by 10% and then offer a seasonal discount of 5%.
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Assume cost ₹100.
If he marks 20% higher than cost, markup will be 100×20% = ₹20.
Gross Sale price = ₹100+₹20 =₹120
Discount = 5% on 120 = ₹6*
Net Selling Price = ₹120-₹6=₹114
Net profit = ₹114-₹100 = ₹14
Profit % on sales = ₹14/₹114 = 12.28%
Profit % on cost = ₹14/₹100 = 14%
*Normally sale price is displayed to customer accordingly I have assume 5% discount on the sale price.
Wajihakhan94:
No the ans is not correct the ans is 2.6%
Normally sale price is displayed to customer accordingly I have assume 5% discount on the sale price.
And how we will get the ans 2.6%
wat some time i do a check
???
wait
sorry i don,t know
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