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      Question

      A shopkeeper marks an article 40% above its cost price

      and then allows a discount of 10% on the marked price. What is his profit percentage?
      A 18% Correct Answer Incorrect Answer
      B 26% Correct Answer Incorrect Answer
      C 32% Correct Answer Incorrect Answer
      D 42% Correct Answer Incorrect Answer

      Solution

      ATQ, Let cost price (CP) = Rs. 100 Marked price (MP) = 40% above CP = 100 + 40 = Rs. 140 Discount = 10% of 140 = 14 Selling price (SP) = 140 − 14 = Rs. 126 Profit = SP − CP = 126 − 100 = Rs. 26 Profit% = (26 / 100) × 100 = 26%

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