Question 118
The shopkeeper added 42% of the cost price as mark up and then he gives a discount of same 42% 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 = $$100\times(\frac{142}{100})=Rs.$$ $$142$$
Thus, selling price after discount of 42% = $$142\times\frac{100-42}{100}=Rs.$$ $$82.36$$
$$\therefore$$ Loss % = $$\frac{100-82.36}{100}\times100=17.64\%$$
=> Ans - (A)
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