Q 28. A retailer marks all his goods at 40% above the cost price and thinking that he will still
make 20% profit, offers a discount of 20% on the marked price. What is his actual profit
percentage on the sales?
(1) 20%
(2) 18%
(3) 16%
(4) 12%
Answers
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Answer:
Step-by-step explanation:
Cost price 100
Marked up by 40%=140
sold@20% discount 80% of 140=112
Profit against Rs.100 cost price 12
Correct Answer:[4]
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