Question

A television set was marked for sale at $760.00 in order to make a profit of 20 percent,the television set was actually sold at discount of 5percent.calculate,correct to 2 significant figures,the actual percentage profit.
you just said it sold for 20% profit, right?
But, if you want the original profit, then
1.20/0.95 = 1.263
or 26.3%

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