A shopkeeper marks his goods 25% above cost and earns a profit of 10% after allowing a discount.
What is the rate of discount he gives?
(Hint: take cost price as Rs 100.)

Question

A shopkeeper marks his goods 25% above cost and earns a profit of 10% after allowing a discount. What is the rate of discount he gives? (Hint: take cost price as Rs 100.)

Accepted Answer

12%. Take CP = 100. MP = 125. SP for 10% profit = 110. Discount = 125 - 110 = 15 on 125 = 15/125 x 100 = 12%.

A shopkeeper marks his goods 25% above cost and earns a profit of 10% after allowing a discount.
What is the rate of discount he gives?
(Hint: take cost price as Rs 100.)

Step-by-Step Solution

Master this chapter in 30 minutes a day.

More Class 8 Discount and Tax practice

A shopkeeper marks his goods 25% above cost and earns a profit of 10% after allowing a discount.What is the rate of discount he gives?(Hint: take cost price as Rs 100.)

Step-by-Step Solution

Master this chapter in 30 minutes a day.

More Class 8 Discount and Tax practice

A shopkeeper marks his goods 25% above cost and earns a profit of 10% after allowing a discount.
What is the rate of discount he gives?
(Hint: take cost price as Rs 100.)