During a sale of 30% on everything in a store, a kid is successful in convincing the store manager to give him 20 candies for the discounted price of 14 candies. The store still makes a profit of 12% on this sale. What is the mark up percentage on each candy? Choose the correct choice from the following answers:
A) 100%
B) 80%
C) 75%
D) 66+2/3%
E) 55%
Hi Akhil, I can share the way I solved it..   Let's say Marked price = M   So, there's a discount of 20% on M So, new S.P. = 80% of M   Now, the child convinces the owner to sell 20 candies for the price of 14 candies .   Let's say each candy after discount is 1$. So, S.P. of 20 candies = 20$. THe child bought it for 14 $ So, he got a discount of  6/20 *100= 
<gadget id="calculator"> 6/20 *100</gadget>
<output>30</output>
30%   So, the latest S.P.= 70% of 80% of M = 0.7* 0.8 M   Now, we are given that the shopkeeper still makes a profit of 12%. So we have ,   0.7 * 0.8 * M = 1.12 C.P   So, we get, M= 2 C.P.   i.e. Marked price was kept 100% above C.P.   80%
<result>B</result>
During a sale of 30% on everything in a store, a kid is successful in convincing the store manager to give him 20 candies for the discounted price of 14 candies. The store still makes a profit of 12% on this sale. What is the mark up percentage on each candy?