A dealer marks his goods at 30% above the cost price and allows a discount of
20% on the marked price .Find his total profit or loss percentage.
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A dealer marks his goods at 30% above the cost price and allows a discount of
20% on the marked price .Find his total profit or loss percentage.
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Answer:
Let the cost price of the goods 100%.
If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.
If he allows a discount of 15% on marked price on cash payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.
To find selling price, find 85% of marked price.
Selling price of his goods will be (130*85)/100 = 110.50%
% profit = (110.50 - 100) = 10.5%
Answer:
Here goes the solution!
SP = 130% of CP
Discount for cash payment - 15%
Cash receivable = (1–15%) of 130% of CP
Or 85% x 130% of CP
Or 110.5% of CP
Gain shall be 10.5% of cost price.