Question
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?
Answer: Option B
Answer: (b)Gain % = $20 - 10 - {20 × 10}/100$= 20 - 12 = 8%Using Rule 8,Here, r = 20%, $r_1$ = 10%Profit or loss= ${r × (100 - r_1)}/100 - r_1$= ${20 × (100 - 10)}/100 - 10$= 18 - 10 = 8% profit.
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Answer: (b)Gain % = $20 - 10 - {20 × 10}/100$= 20 - 12 = 8%Using Rule 8,Here, r = 20%, $r_1$ = 10%Profit or loss= ${r × (100 - r_1)}/100 - r_1$= ${20 × (100 - 10)}/100 - 10$= 18 - 10 = 8% profit.
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