Q. A shopkeeper marks goods 40% above cost and allows a discount of 10%. What is the net profit percentage?
✅ Correct Answer: (B)
26%
Explanation: Marked price = 140% of CP; SP after 10% discount = 90% of MP = 0.9 × 140 = 126% of CP. Profit% = 26%.
Explanation by: Yami Thakur
Marked price = 140% of CP; SP after 10% discount = 90% of MP = 0.9 × 140 = 126% of CP. Profit% = 26%.