A shopkeeper buys an article for ₹800 and marks it 40% above cost price. He then allows a discount of 15% on the marked price. What is his profit percent?

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Accepted Answer

19%. Marked price = 800 × 1.40 = ₹1120. Selling price = 1120 × 0.85 = ₹952. Profit = 152, so profit% = 152/800 × 100 = 19%.

A shopkeeper buys an article for ₹800 and marks it 40% above cost price. He then allows a discount of 15% on the marked price. What is his profit percent?

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