Staff Selection Commission Quantitative Aptitude — Question 260

Question

A shopkeeper marks an article 40% above cost price and gives 20% discount. What is his profit percentage?

1. 8%
2. 10%
3. 12%
4. 15%

Correct answer

C — 12%

Explanation (English)

CP = 100, MP = 140, SP = 140 × 0.8 = 112. Profit = 12%

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