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?
- 26%
- 30%
- 24%
- 36%
Answer and explanation
Answer: A. 26%
Explanation: Take CP = 100. MP = 140, and SP = 90% of 140 = 126. Profit = 26%.
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