Profit and Loss Practice Test 9

Question : 4 of 40

Marks: +1, -0

A dealer marks his goods 20% above cost price. He then allows some discount on it and makes aprofit of 8%. The rate of discount is :

Solution:

Let C.P. be Rs. 100; then Marked price = Rs. 120 and S.P. = Rs. 108
∴ Discount

=(12/120×100)%=10%

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