📢 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.

    During a sale, he gives a discount of 20% on the marked price and still makes a profit. What is his profit percentage?
    A 18% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 24% Correct Answer Incorrect Answer

    Solution

    ATQ, Let cost price = 100. Marked price = 140. After 20% discount, selling price = 140 × 0.8 = 112. Profit = 112 − 100 = 12. Profit% = 12%.

    Practice Next
    More Profit and loss Questions
    ask-question