Question

a trader marks his goods 20% above the cost price.he then sells at a discount of 20% if the cp is 550 what is gain or loss%? ​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

Solution :-

Given - Cost price of goods = Rs. 1100

And, Marked Price = 20 % above the cost price

⇒ Marked Price = 1100 + (1100*20)/100

⇒ M.P. = Rs. 1320

Now, The shopkeeper gives 20 % discount on M.P.

⇒ Discount = (1320*20)/100

⇒ Discount = Rs. 264

Selling Price = Marked Price - Discount

⇒ S,P. = 1320 - 264

S.P. = Rs. 1056

Cost Price > Selling Price = Loss

Loss = Cost Price - Selling Price

⇒ Loss = 1100 - 1056

⇒ Loss = Rs. 44

Loss Percent = (Loss*100)/C.P.

⇒ (44*100)/1100

⇒ 4 %

So, Loss is Rs. 44 and Loss Percent is 4 %