Question

a trader marks up his good by 60%and then gives a discount of 20% what is the percentage profit on the sale

Answer 1

I given the answer
I given the answer in the photo

Answer 2

Let the cost price be Rs.100.
Then,marked price=Rs.160.
Discount=20% of MP.
=(20% of Rs.160)=Rs.(160×20/100)=Rs.32.
Selling Price=(MP)-(discount)
=Rs.(160-32)=Rs.128.
Therefore,profit%=(128-100)%=28%.
Hence,the trader profits 28%.