Q. A shopkeeper marks an article 40% above the cost price and allows a discount of 20%. His profit percentage is:
✅ Correct Answer: (A)
12%
Explanation: Assume CP = ₹100. MP = ₹140. Selling price = ₹140 × 80/100 = ₹112. Profit = ₹12 = 12%.
Explanation by: Mr. Dubey
Assume CP = ₹100. MP = ₹140. Selling price = ₹140 × 80/100 = ₹112. Profit = ₹12 = 12%.