Question

A dealer marks his goods 40% above the cost price and allows a discount of 10%. Find the profit percenr.

Answer 1

let C.P = 100

M.P = 140/100*100 =140

Discount% = 10%

Discount=10/100* M.P = 14

S.P=M.P- Discount = 140-14 =126

Profit = S.P-C.P = 126-100 =26

Profit%= 26/100*100 =26%