A grocer keep his prices 20% above the market price and he for the offered 5% discount on every Bill find his profit percentage
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Answer:
14%
Step-by-step explanation:
Let C.P = 100
Then M.P = 120
Discount = 5%
Then S.P = 95% of M.P,
S.P = 95/100 × 102
S.P = 114
Therefore Profit = 114-100
Profit = 14
Hence profit = % 14/100 × 100
% Profit = 14
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