A shopkeeper buys an article for ₹1,200 and marks it 40% above cost. He then allows a discount of 25% on the marked price. What is his profit percent?

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Accepted Answer

5%. MP = 1200 × 1.40 = 1680. SP = 1680 × 0.75 = 1260. Profit = 60. Profit% = 60 ÷ 1200 × 100 = 5%.

A shopkeeper buys an article for ₹1,200 and marks it 40% above cost. He then allows a discount of 25% on the marked price. What is his profit percent?

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