Profit and Loss Practice Test 3

Question : 20 of 40

Marks: +1, -0

A dealer marks his goods 20% above the cost price. He then allows some discount on it and marks a profit of 12%. The rate of discount is:

Solution:

CP	MP	SP
100	120	$100+{12×100}/100=112$

Rate of discount per cent

= 8/120 ×100= 6 2/3%

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