A dealer marks his goods 20% above cost price. He then allows some discount on it and markets a profit of 8%. The rate of discount is ?

A dealer marks his goods 20% above cost price. He then allows some dis

1.	A dealer marks his goods 20% above cost price. He then allows some discount on it and markets a profit of 8%. The rate of discount is ?
A.	12%
B.	10%
C.	6%
D.	4%
Answer» C. 6%

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A dealer marks his goods 20% above cost price. He then allows some discount on it and markets a profit of 8%. The rate of discount is ?

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