Question

You are trading in Eletronics and cost your goods 20% above cost. you allow some discout to his custmers on his marked price and still makes a profit of 8%.what is the rate of discout you allow​

Answer 1

Step-by-step explanation:

let say 100 is the cost price

but marked cost or trading cost 20% above the cost price

so it will be 120rs

after giving some discount still you need to make a profit of 8% that means 108 rupees you need to sell

so

the discount on 120 is =

(108/120)*100= 10% discount on 120 rupees or on 20% above cost price