Can anyone solve these 2 questions ?
1) A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash payment, what profit percent does he make ?
2) A shopkeeper marks his goods at 20% above his cost price. He sells three-fourths of his goods at the marked price. He sells the remaining good s at 50% of marked price. Determine his profit percent on the whole transaction.
Also, please tell me the difference between Cost Price, Selling Price and most importantly "Marked Price"