A trader marks his goods 20% above the cost price. He sells them at a

1.	A trader marks his goods 20% above the cost price. He sells them at a discount of 20%. If thecost price is Rs. 1100, what is his gain or loss percent?DE() / J. count on the markednr 1
Answer» Solution :- Given - Cost price of goods = Rs. 1100 And, Marked Price = 20 % above the cost price ⇒ Marked Price = 1100 + (110020)/100 ⇒ M.P. = Rs. 1320 Now, The shopkeeper gives 20 % discount on M.P. ⇒ Discount = (132020)/100 ⇒ Discount = Rs. 264 Selling Price = Marked Price - Discount ⇒ S,P. = 1320 - 264 S.P. = Rs. 1056 Cost Price > Selling Price = Loss Loss = Cost Price - Selling Price ⇒ Loss = 1100 - 1056 ⇒ Loss = Rs. 44 Loss Percent = (Loss100)/C.P. ⇒ (44100)/1100 ⇒ 4 % So, Loss is Rs. 44 and Loss Percent is 4 %

A trader marks his goods 20% above the cost price. He sells them at a discount of 20%. If thecost price is Rs. 1100, what is his gain or loss percent?DE() / J. count on the markednr 1

Answer»

Solution :-

Given - Cost price of goods = Rs. 1100

And, Marked Price = 20 % above the cost price

⇒ Marked Price = 1100 + (1100*20)/100

⇒ M.P. = Rs. 1320

Now, The shopkeeper gives 20 % discount on M.P.

⇒ Discount = (1320*20)/100

⇒ Discount = Rs. 264

Selling Price = Marked Price - Discount

⇒ S,P. = 1320 - 264

S.P. = Rs. 1056

Cost Price > Selling Price = Loss

Loss = Cost Price - Selling Price

⇒ Loss = 1100 - 1056

⇒ Loss = Rs. 44

Loss Percent = (Loss*100)/C.P.

⇒ (44*100)/1100

⇒ 4 %

So, Loss is Rs. 44 and Loss Percent is 4 %