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