A trader marks his goods 30% above the cost price and then allows a discount of 12%. What is his profit percentage?

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Accepted Answer

1. Let cost be $C$. Marked price = $C + 30\% = 1.30C$.
2. After a 12\% discount, selling price = $1.30C	imes(1-0.12)=1.30C	imes0.88=1.144C$.
3. Profit = $1.144C - C = 0.144C$.
4. Profit percentage = $0.144C/C	imes100\%=14.4\%$.

FINAL_ANSWER: a

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