Profit and loss · solved example
A shopkeeper marks an article 40% above its cost price and then allows a discount of 25%. Find his profit percentage.
- 4%
- 10%
- 5%Correct
- 6%
Solution
Let cost be 100. Marked price is 140, and after a 25% discount the selling price is 140 × 0.75 = 105, a profit of 5%.