A shopkeeper marks his goods 45% above the cost price but allows a dis

1.	A shopkeeper marks his goods 45% above the cost price but allows a discount of 20% on MP. his net profit or loss is?1. 15%2. 16%3. 17%4. 18%
Answer» Correct Answer - Option 2 : 16% GIVEN: MP = 45% above CP Discount = 20% Concept used: Selling Price = Market price[(100 - Discount)/100] CALCULATION: let the CP of goods be RS 100 MP = Rs 145 SP after discount = 80% of 145 = RS 116 Profit = 116 - 100 = Rs16 profit% = 16/100 = 16% ∴ There is a profit of 16%

A shopkeeper marks his goods 45% above the cost price but allows a discount of 20% on MP. his net profit or loss is?1. 15%2. 16%3. 17%4. 18%

Answer» Correct Answer - Option 2 : 16%

GIVEN:

MP = 45% above CP

Discount = 20%

Concept used:

Selling Price = Market price[(100 - Discount)/100]

CALCULATION:
let the CP of goods be RS 100

MP = Rs 145

SP after discount = 80% of 145 = RS 116

Profit = 116 - 100 = Rs16

profit% = 16/100 = 16%

∴ There is a profit of 16%

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A shopkeeper marks his goods 45% above the cost price but allows a discount of 20% on MP. his net profit or loss is?1. 15%2. 16%3. 17%4. 18%

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