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Question

A trader marks his goods 20% above the cost price. He then sells them at a discount of 20%. If the cost price is Rs. 550, what is the gain or loss and the gain or loss percentage.

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Solution

Cost price=Rs. 550
Price of goods=cost price+20% of cost price
=550+20100×550
=550+110
price of goods=Rs. 660
Selling price=price of goods20% of price of goods
=66020100×660
=660132
=Rs. 528.
Loss=cost priceselling price
=550528
=Rs. 22
% loss=lossC.P×100
=22550×100
% loss=2255×10
=2×105=4%.

1181703_1261477_ans_515d0a97dd344739a04220fe0709985b.jpg

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