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    Question

    A shopkeeper marks his goods at 40% above the cost price

    and gives a discount of 20%. Find his profit percentage.
    A 15% Correct Answer Incorrect Answer
    B 16% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer

    Solution

    Let the cost price = ₹100. Marked price = ₹100 + 40% of ₹100 = ₹140. Selling price = ₹140 - 20% of ₹140 = ₹140 - ₹28 = ₹112. Profit = ₹112 - ₹100 = ₹12. Profit percentage = (Profit / Cost Price) × 100 = (12 / 100) × 100 = 12%. Correct Option: d

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