Question
A merchant fixes the sale price of his goods at 40%
above the cost price. He sells his goods at a 20% discount marked price. His percentage of profit (rounded off to the nearest integer) is:Solution
Let CP =100 MP /CP = (100+P/L)/(100-D) 140/100= (100+x)/80 100+x =112 So, P% = 12%
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