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      Question

      A shopkeeper marks the price of an article 40% above its

      cost price and then allows a discount of 25% on the marked price. What is his profit or loss percentage?
      A 5% profit Correct Answer Incorrect Answer
      B 10% profit Correct Answer Incorrect Answer
      C 5% loss Correct Answer Incorrect Answer
      D No profit, no loss Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let cost price (CP) = ₹100 Marked price (MP) = 100 × 1.40 = ₹140 Discount = 25% ⇒ Selling price (SP) = 140 × 0.75 = ₹105 Profit = 105 − 100 = ₹5 Profit % = (5 / 100) × 100 = 5%

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