How much percent above the cost price should a shopkeeper

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How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price?

1. 50%
2. 40%
3. 60%
4. 45%

Correct Option: A

Let the C.P. be 100 and the marked price be $ y .
According to question ,

∴ y ×	88	= 132
	100

⇒ y =	132 × 100	= 150 i.e., more by 50%
	88