Q. A shopkeeper marks an item 50% above cost and sells it after giving 20% discount. What is the profit percentage?
✅ Correct Answer: (A)
20%
Explanation: MP = 150% of CP. SP = 80% of MP = 120% of CP. Profit = 20%.
Explanation by: Yami Thakur
MP = 150% of CP. SP = 80% of MP = 120% of CP. Profit = 20%.