Manik marks the price of his toys 40% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?

Manik marks the price of his toys 40% above the cost price. If he allo

1.	Manik marks the price of his toys 40% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?
A.	4% profit
B.	12% profit_x005F_x000D_
C.	8% loss
D.	12% loss
Answer» C. 8% loss

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Manik marks the price of his toys 40% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?

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