A shopkeeper buys rice from wholesaler @ 30% discount on marked price if shopkeeper gives discount of 20% on marked price while se

1 thought on “A shopkeeper buys rice from wholesaler @ 30% discount on marked price if shopkeeper gives discount of 20% on marked price while se”

1. Answer:

   Let p be the marked price

   He buys at p(1-.3)=0.7p price

   He sells at p(1-.2)=0.8p

   He gains =0.8p-0.7p =0.1p

   % profit=(0.1p/0.7p)×100=100/7=14.3%

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