A trades man charges 20% above cost price. He then allows a discount of 10%. After the whole transaction what will be his gain% or loss%?
Explanation:
Let CP = 100
Marked price = 120
Discount = 120 × 10/100 = Rs. 12
Final SP = 120 – 12 = 108 Rs.
∴ Profit = 108 – 100 = 8%
Hence, option (c).
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