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1. The cost price of an article is 80% of its marked price for sale. How much per cent does the tradesman gain after allowing a discount of 12%?
Then the cost price = 80% of 100 = Rs. 80
After allowing 12% discount on MP,
SP become = Rs. 88.
% profit = = 10%
Solution:
Let the marked price = Rs. 100Then the cost price = 80% of 100 = Rs. 80
After allowing 12% discount on MP,
SP become = Rs. 88.
% profit = = 10%