cost of a football is rs. 1560 if the shopkeeper marked it at 25% above its cost price and then allowed a discount 20% on its marked price then what is profit/loss incurred on selling the football ?
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Answer:
no profit no loss
Step-by-step explanation:
initial price = Rs.1560
25% above the cost price= 25/100 x 1560 =Rs.390
then amount is = 1560 + 390 = Rs. 1950
20% discount = 20/100 x 1950 = Rs.390
Final cost of the football = Rs. 1950 - Rs. 390 = Rs. 1560
Profit/loss = initial cost - final cost = Rs.1560 - Rs.1560 = 0
which means he did not gain any profit or loss.
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