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

Topic: Profit and Loss
Subtopic: Marked Price

A8%

B10%

C12%

D15%

Explanation

Let CP = 100. Marked Price = 120. SP after 10% discount = 120 – 12 = 108. Profit % = 108 – 100 = 8%.

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