Profit & Loss Mcqs

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

a. 12%
b. 10%
c. 6%
d. 4%


ANSWER: See Answer
 
C.P = Rs. 100

Marked Price = Rs. 120,

S.P = Rs. 108

Discount = (12/120 × 100)% = 10%
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