Q12Multiple choice
A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true:
- (a)A and B earn the same profit. • The discount is the amount by which the regular price is reduced. • The sale price is the regular price minus the discount.
- (b)A earns more profit than B.
- (c)A earns less profit than B.
- (d)Cannot be decided.
Show answer
(c) A earns less profit than B.