Question

If shopkeeper marks price of his goods 50% more than their cost price and allow discount 30% what it his loss or gain %? in ibps exam

Answer 1

Let initial price =₹100

Mark price is 50% more then initial or cost price

So mark price =₹150

Now he allow discount of 30%

30% of 150 =45

Sp=150-45=105

Sp>cp=profit

Profit =105-100=₹5

Profit %=profit/cp x100

=5/100 x100 =5 %

Profit %=5%

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Answer 2

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Step-by-step explanation:

The answer is 5%