A trader marks his goods at 20% above the cost price . If he allows a discount of 5% for his down payment, his profit percent for such a transaction is -

A trader marks his goods at 20% above the cost price . If he allows a discount of 5% for his down payment, his profit percent for such a transaction is - Correct Answer 14%

A trader marks his goods at 20% above the cost 100 + 20 = 120 Discuount of 5% for each down payment = 120 - 120 of 5% = 120 - 120×5100 = 120 - 6 = 114.'. His profit percentage  = 14% 
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