Cost price of an article is 80 % of its marked price for sale. How much percent does tradesman gain

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7.Profit and Loss

easy

The cost price of an article is $80 \%$ of its marked price for sale. How much percent does the tradesman gain after allowing a discount of $12 \% ?$

A

$20$

B

$12$

C

$10$

D

$8$

Solution

Let, the marked price be $Rs.100$

$\therefore$ cost price $=₹ 80$ $S.P.$ after giving $12 \%$ discount at $₹ 100=₹ 88$

$\therefore$ Profit $=\frac{88-80}{80} \times 100 \%=\frac{8}{80} \times 100 \%=10 \%$

Standard 13

Quantitative Aptitude

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