Question

A shopkeeper marks an article 40% above its cost price and then sells it at a 25% discount find his profit or loss percent

Answer 1

the profit is their

140 × 75 ÷ 100 = 105%

profit is 5%

Answer 2

Answer: Profit of 5%

Step-by-step explanation:

Let the cost of article CP = Rs. 100

Marked price is 40% above cost price  

Therefore MP = $100+ 40\% \text{ of } 100= 100+ \dfrac{40}{100} \times 100 = Rs. 140$

Now There is a discount of 25%

Therefore SP = $140 - 25\% \text { of } 140 = 140 - \dfrac{25}{100} \times 140 = 140- 35 = Rs.105$

CP < SP profit  Profit = SP - CP = 105- 100 = Rs. 5

$\text{ Profit percentage } = \dfrac{Profit}{CP} \times 100 = 5\%$

Hence, there is a profit of 5%