Question

A dealer marks his good 40% above the cost price. He then allows some discount on it and earn a profit of 12%. the rate of discount is,................. ​

Answer 1

Step-by-step explanation:

let cost price=100

then market price=140

and selling price=112

then profit=sp-cp

=112-100=12

and discount=140-112=28

discount percentage=dis×100/mp

=28×100/140=2800/140=20%