A shopkeeper buys an article for ₹1,200 and marks it 25% above cost price. He then allows a discount of 12% on the marked price. What is his profit percent?

Question

Accepted Answer

10%. MP = 1200 × 1.25 = ₹1,500. SP = 1500 × 0.88 = ₹1,320. Profit = 1320 − 1200 = ₹120 → 120/1200 = 10%.

A shopkeeper buys an article for ₹1,200 and marks it 25% above cost price. He then allows a discount of 12% on the marked price. What is his profit percent?

Step-by-Step Solution

Master this topic in 30 minutes a day.

More Profit, Loss & Discount practice