Question

Shop keeper purchased a mobile phone at 12000 rupees and marked up the price by 10% but by selling it he gave a discount of 10% on the marked price what is his profit or loss

Answer 1

Answer:

Step-by-step explanation:

Purchase price of phone  = 12000

Increase in marked price = 10%

Therefore the marked price

= 12000 x 10/100

= 1200

Now, Purchase price + Increase in marked price = Marked price

12000 + 1200 = 13200

Therefore, Marked price = rs.13200

On Marked he gave a discount of 10%

Therefore, discount = 10 / 100 x 13200

= 1320

Therefore, discount is rs.1320

SELLING price = Marked price - Discount

= 13200 - 1320

= 11880

THEREFORE, SELLING PRICE IS RS.11880

The selling price is less than cost price

11880 < 12000

Therefore, the shopkeeper faced a loss

Loss = S.p - C.p

= 11880 - 12000

= 120

Therefore, the shopkeeper faced a loss of rs.120