Question

the mp of an article is 10% above the c.p. a discount of 20% find his p%

Answer 1

Answer:

-12

actually loss of 12 %

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Step-by-step explanation:

cp = c

mp = c + (10/100)c = 1.1c

20% discount = (20/100)*1.1c = 0.22c

sp = 1.1 c - 0.22c = 0.88c

Profit = sp - cp

profit = 0.88c - c = -0.12 c

Profit % = (-0.12c/c)*100 = -12