A trader marks his goods 20% above the cost price. He then sells them at a 20% discount. What is his selling price?
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Answer:
Step-by-step explanation:
Let CP = Rs 100
MP = Rs 120 [20% above CP]
Discount = 15%
ie = 15% of MP
=
100
15
×120=RS18
SP = MP- Discount
=(120−18)rs
=Rs102
gain % =
CP
gain
⇒100
=
100
2
×100
=2 %
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