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A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.?
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A retailer marked up the cost price of an item by 40% but offered a di...
Given information:
- The retailer marked up the cost price of an item by 40%.
- The retailer offered a discount of 20%.
To find:
- The overall profit or loss percentage.
Solution:
To calculate the overall profit or loss percentage, we need to consider the markup and discount together.
Step 1: Calculate the selling price:
Let's assume the cost price of the item is $100.
Markup percentage = 40%
Markup amount = 40% of $100 = $40
Selling price = Cost price + Markup amount = $100 + $40 = $140
Step 2: Apply the discount:
Discount percentage = 20%
Discount amount = 20% of $140 = $28
Selling price after discount = Selling price - Discount amount = $140 - $28 = $112
Step 3: Calculate profit or loss percentage:
Profit or loss = Selling price after discount - Cost price = $112 - $100 = $12
Profit or loss percentage = (Profit or loss / Cost price) * 100
Profit or loss percentage = ($12 / $100) * 100 = 12%
Answer:
The overall profit or loss percentage is 12%. This means that the retailer made a 12% profit on the original cost price of the item after applying the markup and discount.
- The retailer marked up the cost price of an item by 40%.
- The retailer offered a discount of 20%.
To find:
- The overall profit or loss percentage.
Solution:
To calculate the overall profit or loss percentage, we need to consider the markup and discount together.
Step 1: Calculate the selling price:
Let's assume the cost price of the item is $100.
Markup percentage = 40%
Markup amount = 40% of $100 = $40
Selling price = Cost price + Markup amount = $100 + $40 = $140
Step 2: Apply the discount:
Discount percentage = 20%
Discount amount = 20% of $140 = $28
Selling price after discount = Selling price - Discount amount = $140 - $28 = $112
Step 3: Calculate profit or loss percentage:
Profit or loss = Selling price after discount - Cost price = $112 - $100 = $12
Profit or loss percentage = (Profit or loss / Cost price) * 100
Profit or loss percentage = ($12 / $100) * 100 = 12%
Answer:
The overall profit or loss percentage is 12%. This means that the retailer made a 12% profit on the original cost price of the item after applying the markup and discount.
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A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.?
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A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.?.
A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A retailer marked up the cost price of an item by 40% but offered a discount of 20%. Calculate the overall profit or loss percentage. Answer: There is a 12% profit overall.?.
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