A merchant marks his goods 80 % above the cost price and then allows 20 % trade discount and a further 2 % cash discount . Find his profit percentage .
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I think the answer is 58%
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let CP be x
=> SP = x + (80x/100) = 9x/5
Now, total discount = 22 %
=> SP after discount = (9x/5) [(100-22)/100]
= 9x/5 (78/100)
= 140.4x/100
= 140.4% of x
Therefore, profit percentage will be 40.4%
PLZ MARK IT BRAINLIEST
=> SP = x + (80x/100) = 9x/5
Now, total discount = 22 %
=> SP after discount = (9x/5) [(100-22)/100]
= 9x/5 (78/100)
= 140.4x/100
= 140.4% of x
Therefore, profit percentage will be 40.4%
PLZ MARK IT BRAINLIEST
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