Question

A shpkeeper marks his goods 20% above cost price but allows 10% discount for cash. What is his net profit percent?

Answer 1

Answer:

Step-by-step explanation:

Given : A shopkeeper marks his goods 20% higher above the cost price and also gives a discount of 10%.

To find : His gain percent?

Solution :

Let the cost price be  Rs. 100

A shopkeeper marks his goods 20% higher above the cost price

Then the market price is

M.P=100+100×20/100

M.P=100+20

M.P=120

Now, discount of 10%.

So, Selling price is

S.P=120-120×10/100

S.P=120-12

S.P=108

Now, Profit = Selling price - cost price

Profit = 108-100

Profit = Rs. 8

Profit in percentage,

Answer 2

Answer:

8 percent

Let cp be 100

so after increase in cp is. 100+20/100×100=120

Then after applying 10 percent discount

cp will be 120-10/1100100=8

sp =108

profit or profit percent = 108-100