*Required
*Give answer in detail don't copy the answer and first see options then give answer*
28. What will be the percent profit if a shopkeeper marks the price of an article above 20% the cost price and allows a discount of 5%? 1) 15 2) 19 4) 16 3) 14
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Step-by-step explanation:
14% is the correct option
- Assume cost ₹100.
- If he marks 20% higher than cost, markup will be 100×20% = ₹20.
- Gross Sale price = ₹100+₹20 =₹120
- Discount = 5% on 120 = ₹6*
- Net Selling Price = ₹120-₹6=₹114
- Net profit = ₹114-₹100 = ₹14
- Profit % on sales = ₹14/₹114 = 12.28%
- Profit % on cost = ₹14/₹100 = 14%
*Normally sale price is displayed to customer accordingly I have assume 5% discount on the sale price.
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