Question

A shopkeeper sells all his items at 40% above costs. If he allows a special а discount of 15% to his friend on selling price, compute his profit as a
percentage of cost.

Answer 1

Answer:

Step-by-step explanation:

Let us assume

C.P is 100

He marked 40% so

Mark price is 140

Given earns profit of 12% after discount

The price he sold after discount is

SP =112

Discount =140-112=28

Discount percent= (28*100/140)=20%

Hence discount percent is 20%

Answer 2

Answer:

45%

Step-by-step explanation:

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