If a merchant offers a discount of 30% on the list price, then he makes a loss of 16%. What % profit or % loss will he make if he sells at a discount of 20% ofthe list price?

If a merchant offers a discount of 30% on the list price, then he makes a loss of 16%. What % profit or % loss will he make if he sells at a discount of 20% ofthe list price? Correct Answer 4 percent loss

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