A businessman marks his goods 20% above the cost price and gives a discount of 5% on the marked price. Find his profit %.
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misbujali7
*14%* Let the cost price be Rs. x. A shopkeeper marks his goods 20% above his price but allows a discount of 5% at the total scale. ∴ His gain percentage = [(7x/50) /x × 100]% = 14%.
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Let the cost price be Rs. x. A shopkeeper marks his goods 20% above his price but allows a discount of 5% at the total scale. ∴ His gain percentage = [(7x/50) /x × 100]% = 14%.
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Answer:
Let Cost price of article is 100.
so marked price= 120
Selling price after cutting discount= 120- 5 of %120 = 120 - 6= 114
Profit Earned = 114-100 = 14 percent.