The percentage of his profit is:

A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is:

  1. 20%
  2. 15%
  3. 10%
  4. 14%
Anurag Mishra Professor Asked on 11th December 2015 in Maths.
Add Comment
1 Answer(s)

Answer:  (4) 14%

Explanation:-
Let the cost price of goods = Rs. 100

A shopkeeper marks his goods 20% higher than the cost price.
Then, the marked price = 100 + 100 x 20/100
 = 100 + 20 
 = Rs. 120

He allows a discount of 5%.
Then, the selling price of goods = 120 – 120 x 5/100
 = 120 – 6
 = Rs. 114

Then, the profit = 114 – 100
 = Rs. 14

Hence, the answer is (4) 14%. 

Anurag Mishra Professor Answered on 11th December 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.