If a whole seller marks the price of goods 40% more than their cost price and allows a discount of 20%, then what is his gain or loss percent?

If a whole seller marks the price of goods 40% more than their cost pr

1.	If a whole seller marks the price of goods 40% more than their cost price and allows a discount of 20%, then what is his gain or loss percent?
A.	17%, Loss
B.	12%, Profit
C.	14%, Loss
D.	10%, Profit
Answer» C. 14%, Loss

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If a whole seller marks the price of goods 40% more than their cost price and allows a discount of 20%, then what is his gain or loss percent?

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