A businessman purchases an item at a certain price and marks its price up by 30%. He sells the item at a certain discount on markup price and makes a net profit of 4% on the whole transaction. Find the discount given by businessman on markup price.

A businessman purchases an item at a certain price and marks its price

1.	A businessman purchases an item at a certain price and marks its price up by 30%. He sells the item at a certain discount on markup price and makes a net profit of 4% on the whole transaction. Find the discount given by businessman on markup price.
A.	10
B.	15
C.	26
D.	20
Answer» E.

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A businessman purchases an item at a certain price and marks its price up by 30%. He sells the item at a certain discount on markup price and makes a net profit of 4% on the whole transaction. Find the discount given by businessman on markup price.

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