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Get Answers to all your Questions
A dealer marks his goods 25 percent above the cost price and gives a discount of 8 percent. Find his profit percentage.
Answers (1)
Assume the cost price = CP
Marked price = 1.25 CP
Selling price (SP) = 1.25CP(1-0.08) = 1.15 CP
Profit percentage = (SP-CP)x100/CP
= (1.15CP - CP)x100/CP
= 15 percentage
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