write a conversation between A shopkeeper and a person and calculate profit and loss
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When a buyer went to a shop to purchase a table fan, the shopkeeper told him that he is offering 10% discount on the marked price which is Rs 1000. However the marked price was 20% more than the cost at which shopkeeper bought the fan. After further negotiation, the shopkeeper was ready to sell the fan at a discount of 15% of the marked price. Find overall profit/loss of the shopkeeper?
Step-by-step explanation:
Marked Price is 1000
120%of CP = Marked Price
(120/100)*CP=1000
CP=Rs 833.33
Selling Price of fan = Rs 850 (Marked Price - 15%of Marked Price)
Therefore, shopkeeper got a profit of (Rs 850 - Rs 833.33) = Rs 16.67
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