Math Problem Statement
Shopkeeper markup the product with 60% and give the discount of 30% then what is the profit/loss percentage?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Calculation
Profit and Loss
Markup and Discount
Formulas
Selling Price (SP) = Marked Price (MP) * (1 - Discount Rate)
Marked Price (MP) = Cost Price (CP) * (1 + Markup Rate)
Profit Percentage = ((SP - CP) / CP) * 100
Theorems
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Suitable Grade Level
Grades 8-10
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