Question
A merchant fixes the sale price of his goods at 60%
above the cost price. He sells his goods at a 25% 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) 160/100= (100+x)/75 100+x =120 x =20% So, P% = 20%Â
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