Question
If a shopkeeper hikes the purchasing value of an item by
56% and gives it a discount of 56% on the face value for selling it, then know the total percentage gain or loss it will have?Solution
Let the cost price of the item be 100x MP of the item = 100x x 156/100 = Rs. 156x SP of the item = 156x x 44/100 = 68.64x Loss percent = [(100x-68.64x) /100x] × 100 = 31.36%
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