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    Question

    A merchant fixes the sale price of his goods at 50%

    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:
    A 24% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 23% Correct Answer Incorrect Answer
    D 22% Correct Answer Incorrect Answer

    Solution

    Let CP =100 MP /CP = (100+P/L)/(100-D) 150/100= (100+x)/80 100+x =120 X=20 So, P% = 20%

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