A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash?
January 12th, 2010 | by admin |A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit percent does he make?
the result is 90% of 120% = 0.9 x 1.2 = 1.08 or 8% profit
3 Responses to “A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash?”
By daSVgrouch on Jan 12, 2010 | Reply
the result is 90% of 120% = 0.9 x 1.2 = 1.08 or 8% profit
References :
By D.W. on Jan 12, 2010 | Reply
c = cost price
marked price = 1.20c
marked price less discount = (0.90)(1.20)c
= 1.08c
8% profit.
References :
By Rohn on Jan 12, 2010 | Reply
Let the original price be x
The mark up price is then x + 0.2x = 1.2x
Discount price is then 1.2x + 1.2x X 0.1
1.2x + 0.12x
1.32x
He make a profit of 1.32x – x = 0.32 = 32%
Rohn
References :