A trader marks his goods 20% above the cost price . He then sells them at a discount of 25% . If his cost price is Rs 675, what are his gain or loss and its parcentag
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Step-by-step explanation:
C.p. is Rs. 675
he marks 20% above the cp
so, now the value of goods is
20/100*675 + 675 = 810
now he has given the discount of 25%
25/100*810 = 202.5
So, new s.p. = 810 - 202.5 = 607.5
C.p. is greater than S.p.
So there is loss
Loss = C.p. - S.p. = 675 - 607.5 = 67.5
Loss % = loss/c.p. *. 100 = 67.5/675*100 = 10%
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