CAT Quantitative Ability Questions | CAT Percentage, Profit & Loss questions

CAT/1994

Question . 104

A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed?

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Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question