Answer to Question #309375 in Algebra for Chie

Question

A tradesman marks his goods 25% above the cost price and allows his customers 12% reduction on their bills. What percent profit does he make?

Answer 1

$P=A(1+0.25)(1-0.12)=1.1A.$

Percent profit: $\frac{1.1-1}{1}=0.1=10\%.$