Question

An article is marked 20% above cost price.the shopkeep allows discount of 12% find his gain or loss percent

Answer 1

Answer:

Step-by-step explanation:

Let the CP be 100 Rs.

Then Marked Price = 120 Rs.

Discount = 12 % of MP

               = 12% of 120 = 12/100 * 120

               = 12 Rs.

Selling Price = MP - Discount

                     = 120 - 12

                     = 108 Rs.

Since the SP is larger than CP.. there is a gain.

Gain %= 108 - 100

           = 8%