Question

Shijal bought a suitcase with 20% discount on labeled price. He sold it
with 12 % profit on labeled price. What is the percentage earning?

Answer 1

Answer:

40%

Step-by-step explanation:

Let Labeled Price = 100 (M.P)

Given Cost Price = 20% off on M.P = 20/100 *100 = 20

Hence CP = 100 -20  = 80

SP = 12 % profit on MP = 12/100 * 100 = 12

Hence SP = 112

Profit% . = SP-CP /CP *100

112-80/80 *100 =40%