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      Question

      The shopkeeper added 37% of the purchase price as a

      markup and then he gives a discount of 37% on the face value on the sale, what would be the total profit or loss percentage.
      A 13.69% Loss Correct Answer Incorrect Answer
      B 12.96% Loss Correct Answer Incorrect Answer
      C 13.69% profit Correct Answer Incorrect Answer
      D 12.96% profit Correct Answer Incorrect Answer

      Solution

      Let the cost price of the item be 100x. MP of the item = 100x x 137/100 = Rs. 137x SP of the times = 137x x 63/100 = 86.31x Loss % = [(100x-86.31x)/100x] x 100 = 13.69%

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