A shopkeeper marks an article 40% above its cost price and then allows a discount of 10% on the marked price. If the cost price is ₹500, what is his profit percentage?

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Accepted Answer

26%. Marked price = 500 × 1.40 = ₹700. Selling price = 700 × 0.90 = ₹630. Profit = 630 − 500 = ₹130, so 130 ÷ 500 = 26%.

A shopkeeper marks an article 40% above its cost price and then allows a discount of 10% on the marked price. If the cost price is ₹500, what is his profit percentage?

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