A trader marks his goods 20% above of the cost price . he sell at adiscount of 20% if the cost price is rupees 1100 . find his gain or loss percent
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Answer:
Step-by-step explanation:
Given:
C.P= ₹ 1100
M.P= 20% more than the C.P
M.P= C.P + 20%of C.P
M.P = 1100+ (20/100)× 1100
M.P= ₹ 1120
Discount = 20%of M.P
Discount= (20/100)× 1120
Discount= ₹224
S.P = M.P - Discount
S.P = 1120- 224
S.P = ₹ 896
C.P > S.P
Loss= C.P - S.P
Loss= 1100-896
Loss= ₹ 204
Loss%=( loss/C.P)×100%
Loss% =( 204/1100)×100
Loss%=18.545%
Hence,the loss is ₹110 & loss% is 18.545%
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