A shopkeeper marks his goods 20% higher above the cost price and also gives a discount of 10%. Find his gain percent.
Suppose the cost price of goods be x.
Then, 20% of x is
According to the parenthesis, the marked price is 20% higher above the cost price.
This means, marked price of goods =
Now, 10% of is
Again according to the parenthesis, the shopkeeper gives 10% discount.
Then, Selling price of goods =
Then, net gain = selling price - cost price =
So, gain percentage =
Therefore gain percent is 8%.
Then, 20% of x is
According to the parenthesis, the marked price is 20% higher above the cost price.
This means, marked price of goods =
Now, 10% of is
Again according to the parenthesis, the shopkeeper gives 10% discount.
Then, Selling price of goods =
Then, net gain = selling price - cost price =
So, gain percentage =
Therefore gain percent is 8%.