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    Question

    A trader marks his goods 40% higher than the cost price

    and gives a 20% discount on the marked price. Calculate his profit percentage.
    A 12% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 18% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer
    E 25% Correct Answer Incorrect Answer

    Solution

    Let the cost price be 100x Marked Price (MP) = 140x Selling Price (SP) after 20% discount = 80% of 140x = 112x Profit = SP - CP = 112x-100x = 12x

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