Question

A merchant sells an item at a 20 percent discount, but still makes a gross profit of 20percent of the cost. What percent of cost would be gross profit on the item have been if it had been sold without the discount?

Answer 1

Answer: HI HERE IS UR ANSWER

50

Step-by-step explanation:

let C.P. be 100

then S.P. with discount = 120

S.P without discount = 120* 100/80 = 150

profit % = 50

HOPE IT HELPS U

Answer 2

Answer:

Let’s suppose the original price is 100.

And if it sold at a 20% discount, then the price would be 80.

But this 80 is 120% of the actual original price. So 66.67 is the actual price of the item.

Now if it is sold for 100 when it actually cost $66.67$ then the gross profit would be $33.33$ i.e. $49.99%$% i.e. approx $50$%

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