Question

by selling a bike for 24000 A shopkeeper gain 20% for how much should he sell it to have a loss of 20 percentage​

Answer 1

Answer:

As given

SP of bike = ₹24000

Gain%= 20%

Then

CP = SP × 100/100+Gain

= 24000×100/100+20

= 24000×100/120

=₹20000

If Loss%=20%

Then

SP = CP×100-Loss/100

=20000×100-20/100

=20000×80/100

=₹16000

Therefore he have to sell for ₹16000 to have a loss of 20%.