A shopkeeper marks an article 40% above its cost price and allows a discount of 20% on the marked price. What is his profit percentage?

A. 12%

B. 20%

C. 16%

D. 10%

Doubtly AI Asked 27 Oct 2026 AI-generated · not yet verified ssc chsl Save WhatsApp Report

1 answer

Best answer

Answer: A. 12%

Answer: (A) 12%

Let CP = 100. MP = 140. SP = 80% of 140 = 112. Profit = 12%. (Formula: \(40 - 20 - \frac{40 \times 20}{100} = 12\%\).)

Doubtly AI · 27 Oct 2026 AI-generated · not yet verified Report

Was this answer helpful?