a shopkeeper marks his goods at 20% above the cost price and offers a discount of 12%. find his profit percent
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Answer:
8%
Step-by-step explanation:
Let Cost Price = x
∴ Increased price = (1 + 20/100)x
∴ After discount price = (120x/100 - 12/100x)
= 108x/100
∴ Profit percent = (profit/CP) × 100%
∴ Profit % = 8%
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