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1. A retailer sets 220% of invoice price as catalogue price and offers 40% off on catalogue price in sales. What is his profit percentage?
- A. 24%
- B. 24%
- C. 24%
- D. 24%
Answer: Option C
Explanation:
Discount = 220 - (220x40)/100
= 220 - 88
= 132
So, profit = 132 - 100
= 32%
= 220 - 88
= 132
So, profit = 132 - 100
= 32%
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