I went to buy a product that product price was increased by 15% after some time I am bargaining with shopkeeper and intended to decrease 15%of it ,this case what is the change percentage,isshopkeeper has loss/profit ?
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Assume the cost price of product to be ₹1000
Now you see that price is increased by 15% which means selling price is ₹1150.
Now you seek a discount of 15% on selling price i.e. 15% of 1150= ₹173.
Thus you will purchase the product for ₹ 977.
Which means that the shopkeeper is suffering a loss of ₹23.
Thus loss percentage would be (23/1000) x 100
i.e. 2.3%
Now you see that price is increased by 15% which means selling price is ₹1150.
Now you seek a discount of 15% on selling price i.e. 15% of 1150= ₹173.
Thus you will purchase the product for ₹ 977.
Which means that the shopkeeper is suffering a loss of ₹23.
Thus loss percentage would be (23/1000) x 100
i.e. 2.3%
Anonymous:
Tq so much
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