Q. A man spends ₹5,000 to buy goods. He marks them 20% above CP and sells them after giving 10% discount on MP. What is the profit percentage?
✅ Correct Answer: (B)
8%
Explanation: MP = 5000 × 1.2 = 6000; SP = 6000 × 0.9 = 5400; Profit = 400 = 8%.
Explanation by: Yami Thakur
MP = 5000 × 1.2 = 6000; SP = 6000 × 0.9 = 5400; Profit = 400 = 8%.