A shopkeeper marks his goods 40% above the cost price, but allows 40% discount for cash. What percent profit or loss does he really make?
A shopkeeper marks his goods 40% above the cost price, but allows 40% discount for cash. What percent profit or loss does he really make?
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140 × (3/5) = 100 (1+ G%)
84/100 = 21/25
therefore there is a loss of 4/25 [i.e. 1- (4/25) ]
ANS : 16% loss. ( 1/25 = 4%)
Answer:
16%
Step-by-step explanation:
Answer is given above in the image
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