Profit & Loss · Question 7 · Medium

A shopkeeper marks his goods 40% above cost price and then gives a 10% discount. What is his profit percentage?

  1. 26%
  2. 30%
  3. 24%
  4. 36%
Answer and explanation

Answer: A. 26%

Explanation: Take CP = 100. MP = 140, and SP = 90% of 140 = 126. Profit = 26%.

Previous: A mixer grinder marked at ₹2,500 is sold after successive discounts of 20% and… · Next: Nikhil sells two phones for ₹9,900 each. On one he gains 10% and on the other…

Practise profit & loss

Try a fresh set of profit & loss questions with an explanation after every answer, free and without signing up: Profit & Loss practice. Or sit a full placement mock test.

More profit & loss questions

More quantitative aptitude practice

Simple & Compound Interest · Ratio & Proportion · Averages · Problems on Ages · Mixtures & Alligation · Time & Work · Pipes & Cisterns · Time, Speed & Distance

LogicWiz Exams home · All practice topics · Placement mock tests · Daily 10 challenge