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If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent?
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If a shopkeeper mark the price of goods50%more than their cost price a...
Calculation of Gain or Loss Percent
Explanation:
When a shopkeeper marks the price of goods 50% more than their cost price, it means the selling price is 150% of the cost price.
Given that the shopkeeper allows a discount of 40%, it means the selling price will be 60% of the marked price (100% - 40%).
Calculating the Gain Percent
- Let's assume the cost price of the goods is $100.
- The shopkeeper marks the price at 150% of the cost price, which is $150.
- After a 40% discount, the selling price becomes 60% of the marked price, which is $90.
- The gain is calculated as the selling price minus the cost price, which is $90 - $100 = -$10.
- The gain percent is calculated as (gain / cost price) * 100 = (-$10 / $100) * 100 = -10%.
Therefore, the shopkeeper incurs a loss of 10%.
Conclusion
In this scenario, the shopkeeper incurs a loss of 10% when goods are marked up by 50% and a discount of 40% is provided. It is essential for shopkeepers to carefully calculate their pricing strategies to ensure profitability and customer satisfaction.
Explanation:
When a shopkeeper marks the price of goods 50% more than their cost price, it means the selling price is 150% of the cost price.
Given that the shopkeeper allows a discount of 40%, it means the selling price will be 60% of the marked price (100% - 40%).
Calculating the Gain Percent
- Let's assume the cost price of the goods is $100.
- The shopkeeper marks the price at 150% of the cost price, which is $150.
- After a 40% discount, the selling price becomes 60% of the marked price, which is $90.
- The gain is calculated as the selling price minus the cost price, which is $90 - $100 = -$10.
- The gain percent is calculated as (gain / cost price) * 100 = (-$10 / $100) * 100 = -10%.
Therefore, the shopkeeper incurs a loss of 10%.
Conclusion
In this scenario, the shopkeeper incurs a loss of 10% when goods are marked up by 50% and a discount of 40% is provided. It is essential for shopkeepers to carefully calculate their pricing strategies to ensure profitability and customer satisfaction.
Community Answer
If a shopkeeper mark the price of goods50%more than their cost price a...
Profit =10%
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If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent?
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If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent?.
If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a shopkeeper mark the price of goods50%more than their cost price and allows discount of40% .what is the gain or loss percent?.
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