📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper marks his goods 40% above cost price. To

    get an overall profit of 12%, he allows a discount of x% on the marked price. What is x?
    A 20% Correct Answer Incorrect Answer
    B 18% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

    Let cost price (CP) = 100. Marked price (MP) = 100 + 40% of 100 = 140. Required profit = 12%, so selling price (SP) = 100 + 12 = 112. Discount = MP − SP = 140 − 112 = 28. Discount % = (28 / 140) × 100 = 20%. So x = 20%.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question