Question

a dealer marks his goods at 16% above the cost price and then allows a discount of 8% find his profit percent,​

Answer 1

Answer:

Profit % = 6.72%

[MARK THE ANSWER AS BRAINLIEST]

Step-by-step explanation:

Let the cost price be 100

Marked Price = 100 + 16% of 100

⇒ 100 + 16

⇒ 116

Discount = 8%

Discount = 8% of 116 = (8/100) × 116 = 9.28

Selling Price = Marked Price - Discount

⇒ 116 - 9.28

⇒ 106.72

S.P = 106.72

C.P = 100

∴ Profit = S.P - C.P = 106.72 - 100 = 6.72

Profit % = ( Profit / C.P ) × 100 = ( 6.72/100) × 100 = 6.72%