Question

a trader marks his goods 20% above the cost price he then sells them at the discount of 20% if the cost price is 1100 what is the gain or loss and the gain or loss percentage

Answer 1

the mark price = 1100/100×20 = 220 => 1320

now , he sells them at discount of 20% = 1320/100×20= 264 = 1056

hence , he gets profit of RS 56 .

hope it helps you !!

Answer 2

here is your answer OK ☺☺☺☺☺


MP Of Goods = 550+20/100*550 = 660

Discounted Price = 660-20/100*660 = 528

Hence There Is Loss And Loss Is 550-528 = Rs 22

Loss% = 22/550 * 100 = 4%

Hence There Is Loss Of 4%