if a thing is on rs. 30 and shopkeeper you got a discount or 10 percent. so how many money we give to shopkeeper
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We give the shopkeeper Rs. 27
aditi149:
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Let the cost price be Rs. 100.
then the mark up price which is 30% above the cost price,
Mark price = (100 + 30% of 100) = Rs. 130
Shopkeeper gives a discount of 10% on mark up price, then the
Selling Price = (130 - 10% 0f 130) = Rs. 117.
Gain = 117-100 = Rs. 17
%gain = (17*100)/100 = 17%.
Short Cut method:
100(CP)==30%↑==>130(MP)==10%↓==>117(SP).
Gain = 17%.
then the mark up price which is 30% above the cost price,
Mark price = (100 + 30% of 100) = Rs. 130
Shopkeeper gives a discount of 10% on mark up price, then the
Selling Price = (130 - 10% 0f 130) = Rs. 117.
Gain = 117-100 = Rs. 17
%gain = (17*100)/100 = 17%.
Short Cut method:
100(CP)==30%↑==>130(MP)==10%↓==>117(SP).
Gain = 17%.
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