Question

A man’s price is 20% above the cost price. He allows his customers a discount and makes a profit of 8%. Find the rate of discount.​

Answer 1

Step-by-step explanation:

A dealer lists his goods 20% above the cost price but allows a discount of 10%. What is his gain percent?

Productivity maximized.

For answering such questions here I give you a short cut method -

Gain or loss percent = X + Y +(X×Y)/100

For increase use positive sign and for decrease use negative sign.

So here, X = +20%

And Y = -10% negative as it is discount

Put the values of X and Y in the above formula, if solution is positive it is gain and if it is negative it is loss

=20 +(-10) +(20×-10)/100

=20 -10 -200/100

=20–10–2

=8

It is positive so there will be profit of 8% in this transaction.

Answer 2

Answer:

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