Start practising
Practice mode Profit and Loss

A shopkeeper marks his goods 40% above cost price and then allows a discount of 20%. What is his profit percentage?

Correct answer B. 12%

Explanation

Take CP = Rs. 100. Marked price = Rs. 140 and SP = 140 × 80/100 = Rs. 112. Profit% = 12%. Subtracting 20 from 40 to get 20% is wrong.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

More Profit and Loss questions

See all
Question 01 Profit and Loss

What is the percent profit earned by the shopkeeper on selling the articles in his shop? I. Labeled price of the articles sold was 130% of the cost price. II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered.

Correct answer C. I and III

Open question
Advertisement
Question 04 Profit and Loss

By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.

Correct answer B. II alone sufficient while I alone not sufficient to answer

Open question

Discussion

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.