Question

If a shopkeeper allows 20% discount on an article he earns 16% profit. What would be his profit percentage if he allows 12% discount

Answer 1

Answer:

If he gets 16 % profit on object if he sells I in 20%discount

then he would have bought the product in 36% discount

If he allows 12% discount then he would get a profit of

36%-12%=24%

=24%

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Answer 2

Answer:

Step-by-step explanation:

First of all profit and discount are incersely proportional which means if one increases the other one decreases

20% discount and 16% profit

So if discount reduces by 8% the profit increases by 8%

So the profit is 24%