Question

A trader marks his goods at $40$% above the cost price but allows a discount of $20$% on the marked price. His profit percentage is

• A. $20$%
• B. $10$%
• C. $8$%
• D. $12$%

Answer 1

The correct option is D $12$%

Let the C.P. of the goods $=Rs100$. Then,
Marked price of the goods $=Rs140$
Discount $=$ 20%
$\therefore$ S.P. of the goods $=$ 80% of $Rs140=Rs112$
$\therefore$ Profit % $=\frac{(112-100)}{100}\times 100=12$%