Test Your Skills
A)If a merchant offers a discount of 40% on the marked price of his goods and thus ends up selling at cost price, what was the % mark up?
B) By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What will be the percent profit made by the merchant if he sells the article at 95% of its marked price?
|A) 66.66% Loss||(B) 4.5% Profit|