A Tradesman's Prices Are 20% Above C.p. He Allows His Customers Some

1.	A Tradesman's Prices Are 20% Above C.p. He Allows His Customers Some Discount On His Bill And Makes A Profit Of 8%. The Rate Of Discount Is?
Answer» Let the Cost Price(C.P) be Rs. 100 Given,tradesman's prices are 20% above C.P => Marked Price (M.P) = 20% more than C.P => M.P = Rs. 120 Given,profit = 8% => Selling price (S.P) = 8% more than C.P => S.P = Rs. 108 Rate of Discount = {(M.P - S.P) / M.P} * 100% = {(120 - 108) / 120} * 100% = (12 / 120) * 100% = 10 % Thus,Rate of Discount = 10%. Let the Cost Price(C.P) be Rs. 100 Given,tradesman's prices are 20% above C.P => Marked Price (M.P) = 20% more than C.P => M.P = Rs. 120 Given,profit = 8% => Selling price (S.P) = 8% more than C.P => S.P = Rs. 108 Rate of Discount = {(M.P - S.P) / M.P} * 100% = {(120 - 108) / 120} * 100% = (12 / 120) * 100% = 10 % Thus,Rate of Discount = 10%.

A Tradesman's Prices Are 20% Above C.p. He Allows His Customers Some Discount On His Bill And Makes A Profit Of 8%. The Rate Of Discount Is?

Answer»

Let the Cost Price(C.P) be Rs. 100

Given,tradesman's prices are 20% above C.P

=> Marked Price (M.P) = 20% more than C.P

=> M.P = Rs. 120

Given,profit = 8%

=> Selling price (S.P) = 8% more than C.P

=> S.P = Rs. 108

Rate of Discount = {(M.P - S.P) / M.P} * 100%

= {(120 - 108) / 120} * 100%

= (12 / 120) * 100%

= 10 %

Thus,Rate of Discount = 10%.