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A shopkeeper marks his goods at 12% higher than the cost price. He allows a discount of 5% on the marked price. What profit or loss did he get ?
  • a)
    7%
  • b)
    7.6%
  • c)
    6.4%
  • d)
    6.6%
Correct answer is option 'C'. Can you explain this answer?
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A shopkeeper marks his goods at 12% higher than the cost price. He all...
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A shopkeeper marks his goods at 12% higher than the cost price. He all...
Given data:
Marked price = 112% of cost price
Discount = 5%

To calculate the profit or loss, we need to find the selling price of the goods.

Let's assume the cost price of the goods to be Rs. 100.

Marked price = Rs. 112 (Since the marked price is 12% higher than the cost price)

Discount = 5% of Rs. 112 = Rs. 5.6

Selling price = Marked price - Discount = Rs. 112 - Rs. 5.6 = Rs. 106.4

Profit or Loss = Selling price - Cost price = Rs. 106.4 - Rs. 100 = Rs. 6.4

Profit or Loss percentage = (Profit or Loss / Cost price) * 100

= (6.4 / 100) * 100

= 6.4%

Therefore, the shopkeeper made a profit of 6.4%. Hence, option C is the correct answer.
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A shopkeeper marks his goods at 12% higher than the cost price. He allows a discount of 5% on the marked price. What profit or loss did he get ?a)7%b)7.6%c)6.4%d)6.6%Correct answer is option 'C'. Can you explain this answer?
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A shopkeeper marks his goods at 12% higher than the cost price. He allows a discount of 5% on the marked price. What profit or loss did he get ?a)7%b)7.6%c)6.4%d)6.6%Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A shopkeeper marks his goods at 12% higher than the cost price. He allows a discount of 5% on the marked price. What profit or loss did he get ?a)7%b)7.6%c)6.4%d)6.6%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper marks his goods at 12% higher than the cost price. He allows a discount of 5% on the marked price. What profit or loss did he get ?a)7%b)7.6%c)6.4%d)6.6%Correct answer is option 'C'. Can you explain this answer?.
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