Mangulal a shopkeeper, marks the prices of his goods at 20% higher than the original price. After that he allows a discount of 5%. What profit or loss did he get?

Mangulal a shopkeeper, marks the prices of his goods at 20% higher tha

1.	Mangulal a shopkeeper, marks the prices of his goods at 20% higher than the original price. After that he allows a discount of 5%. What profit or loss did he get?
A.	14% (profit)
B.	14% (loss)
C.	16% (loss)
D.	16% (profit)
E.	None of the above
Answer» B. 14% (loss)

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Mangulal a shopkeeper, marks the prices of his goods at 20% higher than the original price. After that he allows a discount of 5%. What profit or loss did he get?

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