SOLUTION: A trader marked his goods at 20% above the cost price. If he allows his
Customer a 10% discount,find his profit percent.
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Question 1041776: A trader marked his goods at 20% above the cost price. If he allows his
Customer a 10% discount,find his profit percent.
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
Allowing for a 20% markup, the trader is selling his goods for 1.2 times the cost.
Giving the customer a 10% discount, his total selling prices is 90% of 1.2:
1.2x.9=1.08 times the cost, giving him a profit margin of 8% overall. ☺☺☺☺
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