A shopkeeper marks up his price by 12% a

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper marks up his price by 12% and then allows a 12% discount. What is his profit or loss percentage?

Options:

1.44% loss

1.2% profit

6% profit

4% loss

Correct Answer:

1.44% loss

Explanation:

In this type of questions the customer is always bears a loss and is given by = \(\frac{x^2}{100}\)

Loss% = \(\frac{12^2}{100}\) = 1.44%