By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What % profit will the merchant make if the article is sold at 95% of its marked price?

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By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What % profit will the merchant make if the article is sold at 95% of its marked price?

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Answer 1 · 2018-03-14T17:44:01

They would get a 3% profit.

Explanation:

Since they sold it at 80% of the marked price and it was a loss of 12% that means that the price they bought it from the supplier would be 92% the marked cost. And if it is sold at 95% the marked price then it would be a 3% profit since #95%-92%=3%#.

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By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What % profit will the merchant make if the article is sold at 95% of its marked price?

1 Answer

Explanation:

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