A trader marks his goods 20% above the cost price and allows a discount of 10%. What is his profit percentage?

Topic: Profit and Loss
Subtopic: Discount &amp; Profit

A8%

B10%

C12%

D15%

Explanation

Let CP = 100. Marked Price MP = 120. Selling Price SP = 120 * (1 – 0.10) = 108. Profit = 108 – 100 = 8%.

Exam Relevance

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