Question

A dealer marks is goods 20% about cost price. He then allows some discount on it and make a profit of 8% .The rate of discounts is​

Answer 1

Answer:10%

Step-by-step explanation:

Let c be the cost price.

selling price: 1+20% =1.2

profit= 1+8%=1.08

The rate of discount= selling price-profit$\frac{S_{p} -P }{S_{p} }$

The rate of discount= $\frac{1.2-1.08}{1.2} \\=0.1$

                                 =0.1