Banking Exams Quant — Question 1791
Question
A trader marks his goods 40% above cost price and then allows a discount of 10% on the marked price. Find his profit percent.
- 24%
- 26%
- 28%
- 30%
Correct answer
B — 26%
Explanation (English)
Take CP = 100. Marked price = 140. SP after 10% discount = 140 × 0.90 = 126. Profit = 126 − 100 = 26 → 26%.
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