Anil buys an article with 20% discount on the marked price and sells it at 8% discount on the marked price. Find his profit/loss percent.

Anil receives a 20% discount on the marked price when buying the article.

Anil sells the article with an 8% discount on the marked price. 

Formula Used: 

Discount % = $$\frac{Discount}{MP}\times 100$$ 

Solution: 

Let the Marked Price (MP) be 100 .

So 20 % discount on MP 

Cost price for Anil = $$100 \times \frac{80}{100} = 80$$ 

Now, selling it on 8% discount on MP .

Selling Price = $$100 \times \frac{92}{100} = 92$$ 

Thus, Profit % = $$\frac{92 - 80}{80} \times 100 = \frac{12}{80}\times 100 = 15\%$$ 

therefore, Profit % = 15 %.