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A shopkeeper purchases his goods at a discount of
10% on the list price. He normally gives a discount of 6% to his customers. If during a special scheme, he gets an additional discount of 2% on his purchase price, find his approximate profit percentage.
a)8.8%
b)7.8%
c)6.6%
d)None of these
Correct answer is option 'C'. Can you explain this answer?
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A shopkeeper purchases his goods at a discount of ... more10% on the l...
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A shopkeeper purchases his goods at a discount of ... more10% on the l...
Given:
Discount on list price = 10%
Discount to customers = 6%
Additional discount during special scheme = 2%

To find: Approximate profit percentage

Let's assume the list price of the goods purchased by the shopkeeper is 100.

After a discount of 10%, the shopkeeper pays 90 for the goods.

After an additional discount of 2%, the shopkeeper pays 0.98*90 = 88.2 for the goods.

Now, the shopkeeper sells the goods at a discount of 6% to customers.

Selling price = 0.94*100 = 94

Profit = Selling price - Cost price = 94 - 88.2 = 5.8

Profit percentage = (Profit/Cost price)*100 = (5.8/88.2)*100 = 6.6%

Therefore, the approximate profit percentage of the shopkeeper is 6.6%, which is option (c).
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A shopkeeper purchases his goods at a discount of ... more10% on the l...
7.8
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A shopkeeper purchases his goods at a discount of ... more10% on the list price. He normally gives a discount of 6% to his customers. If during a special scheme, he gets an additional discount of 2% on his purchase price, find his approximate profit percentage.a)8.8%b)7.8%c)6.6%d)None of theseCorrect answer is option 'C'. Can you explain this answer?
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