A trader marks an article 40% above its cost price and then allows a discount of 25% on the marked price. If the cost price is ₹800, what is his profit percent?

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Accepted Answer

5%. Marked price = 800 × 1.40 = ₹1120. Selling price = 1120 × 0.75 = ₹840. Profit = 840 − 800 = ₹40, i.e. 40/800 = 5%.

A trader marks an article 40% above its cost price and then allows a discount of 25% on the marked price. If the cost price is ₹800, what is his profit percent?

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