Question

A Shopkeeper fixed marked price of his Telephone to make a profit of 40%. Allowing 20% discount on Marked Price the telephone was sold. What was the profit%? ​

Answer 1

Answer:

12%

Step-by-step explanation:

Let the Assume initial price = Rs1

Marker price=1*(1+40%)

=Rs 1.4

Discount price= 1.4*(1-20%)

=Rs 1.12

Profit= Discount Price- Initial Price

Profit=1.12-1=Rs0.12

I.e., profit makes by shopkeeper = 12%