Question

A trader makes a profit of 60% on an article by selling it after allowing a discount of 20% if he allows a discount of 60% then he makes

Answer 1

Let us take CP = Rs.10

SP = 10 x  160/100 = Rs.16

MP = 16 x 100/80 = Rs.20

If he gives 60% disocunt

SP = 20 x 40/100 = Rs.8

He had loss of Rs.2    

2/10   x 100 = 20%

He makes 20% loss