Manoj marked his goods 30% above the cost price and gave a 12% discount to the customers. The profit or loss percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 14.4% profit.
Given that
Manoj marked his goods 30% above the cost price
He gave a 12% discount to the customers
Profit % = x - d - (xd)/100
where, x is the percentage by which marked price increased
d is the discount given to the customers
Profit % = 30 - 12 - (30 × 12)/100 = 18 - 3.6 = 14.4%