Question
A shopkeeper marks his goods 40% above cost price and allows a discount of 10% on the marked price. Find his profit percentage.
Solution
Let CP = Rs. 100 MP = 100 + 40% of 100 = 140 Discount = 10% of 140 = 14 SP = 140 − 14 = 126 Profit = 126 − 100 = 26 Profit % = (26/100)×100 = 26%
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