A retailer marks all his goods at 40% above the cost price and thinking that he will still make 20% profit, offers a discount of 20% on the marked price. What is his actual profit percentage on the sales?

A retailer marks all his goods at 40% above the cost price and thinkin

1.	A retailer marks all his goods at 40% above the cost price and thinking that he will still make 20% profit, offers a discount of 20% on the marked price. What is his actual profit percentage on the sales?
A.	20%
B.	18%
C.	16%
D.	12%
Answer» E.

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A retailer marks all his goods at 40% above the cost price and thinking that he will still make 20% profit, offers a discount of 20% on the marked price. What is his actual profit percentage on the sales?

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