Question

Q2. A shopkeeper marks his goods 40 % above the cost price and allows a discount of 15%. Find his profit percentage.
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Answer 1

Let the cost price be 100.

So the marked price = (100 + 40% of 100) = 140

15% discount on 140 = 21

So, Selling price = 140 - 21 = 119

Profit = 119 - 100 = 19

Profit% = 19%