Cost price of an article for a shopkeeper is Rs 3000. Shopkeeper marked its as Rs 4000. He allows some discount on the marked price still gains 20%. What percent discount does he allow to the customer?
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Binodsonar21:
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"Discount given by the shopkeeper is 10%.
Given:
CP = 3000
SP = 4000
Gain = 20%
To find:
Discount %
Solution:
Profit % = 20%
CP = 3000
Discount = ?
Profit =
SP = Profit + Cost price
SP = 3000 + 600 = 3600
MRP = 4000
Discount = MRP - Selling price
Discount = 4000 - 3600 = 400
Discount% = 10%"
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