A dealer marks his goods 20% above cost price.He then allowed some discount on it and marks a profit of 12%.The rate of discount is:

• Ans 6.67%
  If the Cost Price=100, then marked price=120
  After discount profit=12% So Selling price=112
  Discounted cost(Rs)=8 , So % discount=8*100/120=6.67
• 11 years agoHelpfull: Yes(1) No(0)