Question

A trademan's prices are 25% above cost price but he allows his customer 12% commission on the amounts of their bills He makes a profit of

Answer 1

let cp be 100

marked price is 100+ 25% =125

discount =12%

sp = 125 - 12% = 110

profit is 10..

gain = 10%

Answer 2

Hi baby

Let CP=100

MP=120

Discount =10% I.e. 10%of MP =10% of 120 =12

SP = MP - Discount = 108

Gain % = (gain/CP)*100% = 8%

Hope it helps.