Question

An article is marked 20% above cost price .the shop keeper allows 12% discount . Find profit or loss

Answer 1

Answer:

Profit = 5.6%

Step-by-step explanation:

Let the Cost Price be 100

So Marked price = 100 + 20% of 100

= 100 + 20

= 120

Shopkeeper allows 12% discount on 120

Selling Price = 120 - 12% of 120

= 120 - 14.4

= 105.6

Profit = 5.6%