A shopkeeper marks his sarees at 20% above the cost price and allows t – InterviewSolution

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1.

A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit per cent does he make?

Answer»

8 %

LET the CP of SAREE = 100.; then Marked PRICE = 120

:. SP = 120 – 10% of 120 = 120 -12 = 108. So, profit = 8

:. Profit percent = 8%.

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