Question 109

The shopkeeper added 31% of the cost price as mark up and then he gives a discount of same 31% on the marked price for a sale, then what will be the overall profit or loss percentage.

Solution

Let cost price = Rs. 100

=> Marked price = $$100\times(\frac{131}{100})=Rs.$$ $$131$$

Thus, selling price after discount of 31% = $$131\times\frac{100-31}{100}=Rs.$$ $$90.39$$

$$\therefore$$ Loss % = $$\frac{100-90.39}{100}\times100=9.61\%$$

=> Ans - (C)

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