A dealer offers a cash discount of 20 and still makes a profit of 20 when he further allows 16 artic...........

Quantitative Aptitude ( CCS) Profit and loss

A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed ?

80%

90%

100%

120%

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Explanation:

MP=120/(80/100)=150
Now he is selling 16 goods to a dozen(ie 12),
so his loss = {(16-12)/16} x100 = 25%.
Then the actual MP 150/(75/100)=200
Hence, he has marked the MP 100% above the CP.