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A shopkeeper marks his goods 30% above the cost price, but allows a 20% discount for cash purchase. What percent profit does he make?
ব্যাখ্যা
Question: A shopkeeper marks his goods 30% above the cost price, but allows a 20% discount for cash purchase. What percent profit does he make?
Solution:
At 30% above,
The market price of goods = (100 + 30)
= Tk. 130
At 20% discount,
Selling price = 130 - 20% of 130
= 130 - 26
= Tk. 104
∴ Profit = (104 - 100) = Tk. 4
Profit % = (4/100) × 100
= 4%
Solution:
At 30% above,
The market price of goods = (100 + 30)
= Tk. 130
At 20% discount,
Selling price = 130 - 20% of 130
= 130 - 26
= Tk. 104
∴ Profit = (104 - 100) = Tk. 4
Profit % = (4/100) × 100
= 4%