# 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:

- 20%
- 15%
- 10%
- 14%

**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%.