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A shopkeeper marks a mixer-grinder 50% above its cost price and then gives a 20% discount. If the cost price is ₹2,000, what is his profit percent?

Competition practiceProfit, Loss & Discount
  • A20%
  • B30%
  • C25%
  • D10%

Step-by-Step Solution

Marked price = ₹3,000; selling price = 80% of 3,000 = ₹2,400. Profit = 400 on 2,000 = 20%.
Answer: A) 20%

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