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A shopkeeper bought an article and sold it at a gain of 50% to a customer, after some days customer returned the article to the shopkeeper in this transaction the loss of customer is 20%, then what is the profit of Shopkeeper if he bought the article in Rs. 80?

A shopkeeper bought an article and sold it at a gain of 50% to a customer, after some days customer returned the article to the shopkeeper in this transaction the loss of customer is 20%, then what is the profit of Shopkeeper if he bought the article in Rs. 80? Correct Answer Rs. 16

Given:

Shopkeeper bought an article and sold it at a gain of 50% to a customer

Customer returned the article to the shopkeeper in this transaction the loss of customer is 20%

The cost price of article for shopkeeper is Rs. 80

Calculation:

Since, cost price of shopkeeper = Rs. 80

So, the selling price of shopkeeper = Rs. 80 × 150% = Rs. 120

So, the cost price of customer = Rs. 120

Since, customer bore a loss of 20%

So, the loss of customer = 120 × 20% = Rs 24

Effective selling price of shopkeeper = 120 - 24 = Rs 96

Profit made by the shopkeeper = 96 - 80 = Rs 16

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