A trader marks his goods 60% above the cost price and allows a discount of 35%. Find the profit or loss percent.
Show answer & explanation
Correct answer: B
Explanation
Let the cost price = ₹100
Marked price = ₹160
Selling price after 35% discount = 160 × 65/100 = ₹104
Profit = 104 − 100 = ₹4
Profit percentage = 4%