Question

A trader market his goods 20% above the C.P. He also allows a discount of 10% on the goods . Find his gain per cent

Answer 1

Answer:

Profit = 8%

Step-by-step explanation:

Let CP be 100

∴ MP = 120 (100 + 20% = 120)

Discount = 12 ( 10% on 120)

∴ SP = MP - Dis = 120 - 12 = 108

∴ Profit = 8 Rs

As CP = 100, Profit percent = 8