Q. A shopkeeper marks his goods 60% above the cost price and allows a discount of 25%. What is his profit percentage?
✅ Correct Answer: (B)
20%
Explanation: Let CP = 100. MP = 160. SP = 160 × 75/100 = 120. Profit = 20%.
Explanation by: Krishna Sharma
Let CP = 100. MP = 160. SP = 160 × 75/100 = 120. Profit = 20%.