If a businessman marks the price of goods 20% more than their cost price and allows a discount of 30%, then what is his gain or loss percent?

If a businessman marks the price of goods 20% more than their cost pri

1.	If a businessman marks the price of goods 20% more than their cost price and allows a discount of 30%, then what is his gain or loss percent?
A.	10%, Proﬁt
B.	16%, Loss
C.	16%, Proﬁt
D.	25%, Proﬁt
Answer» C. 16%, Proﬁt

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If a businessman marks the price of goods 20% more than their cost price and allows a discount of 30%, then what is his gain or loss percent?

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