If a seller wants to earn 12% profit on an item after offering 20% discount to the customer, by what percentage should he increase his marked price to arrive at the label price ?

If a seller wants to earn 12% profit on an item after offering 20%

1.	If a seller wants to earn 12% profit on an item after offering 20% discount to the customer, by what percentage should he increase his marked price to arrive at the label price ?
A.	20 %
B.	40 %
C.	60 %
D.	80 %
Answer» C. 60 %

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If a seller wants to earn 12% profit on an item after offering 20% discount to the customer, by what percentage should he increase his marked price to arrive at the label price ?

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