A merchant marks his wares 40% more than the real price and allows 20% discount. His profit is? a) 20%

b) 18%

c) 16%

d) 12%

e) None of these

Question

Keenan Schultz

Mathematics

14 July, 00:13

A merchant marks his wares 40% more than the real price and allows 20% discount. His profit is? a) 20%

b) 18%

c) 16%

d) 12%

e) None of these

+4

Answers (1)

Know the Answer?

Chaim · Answer 1

D) 12%

Step-by-step explanation:

The merchant marks his wares 40% more than the real price.

The merchant also allows 20% discount.

Let the real price = 100

After a 40% mark up, the price becomes

(40 / 100) * 100

= 40

So we have 100 + 40 = 140

Discount of 20% = (20/100) * 140

= 28

The price is 140 - 28 = 112

Profit = 112 - 100

= 12%

A merchant marks his wares 40% more than the real price and allows 20% discount. His profit is? a) 20%b) 18%c) 16%d) 12%e) None of these

A merchant marks his wares 40% more than the real price and allows 20% discount. His profit is? a) 20%

b) 18%

c) 16%

d) 12%

e) None of these