A shopkeeper marks his goods 20% above the cost price and then gives a 10% discount. What is his net gain percentage?
Q1. A shopkeeper marks his goods 20% above the cost price and then gives a 10% discount. What is his net gain percentage?
Answer: 8%
Explanation: Let's assume CP = 100. Marked price = 120. After 10% discount, SP = 120 * 0.9 = 108. Gain = 8, so gain percentage = 8%.