Question

a trader mark his goods at 20% above the cost price. If he allows his customer a 10% discount , find his profit percent

Answer 1

Answer:

Let cost price is 100

Marked Price = 120

Discount = 12

Selling Price = 108

Profit = 8

Profit Percentage = 8/100*100

Answer 2

Answer:

• 8% profit

Step-by-step explanation:

• Assume 100 as CP (Cost Price)
• 20% mark up will mean 20 increase, final price 120
• 10% discount on final price will mean 12 Rs, deduct it, get SP (Selling Price) 108
• Profit 8 Rs on 100 Rs
• 8/100 X 100 to get profit percentage
• 8%