Question:
A shopkeeper marks his goods 40% above cost price and then allows a discount of 10% on the marked price. What is his profit percentage?
A shopkeeper marks his goods 40% above cost price and then allows a discount of 10% on the marked price. What is his profit percentage?
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Recall the shortcut formula for combining two successive percentage changes instead of computing the marked price and selling price separately.
Updated On: Jul 8, 2026
- 24%
- 25%
- 26%
- 30%
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The Correct Option is C
Solution and Explanation
Let cost price \(=100\). Marked price \(=140\). Selling price \(=140\times(1-0.10)=140\times 0.9=126\). Profit \(=126-100=26\), so profit percentage \(=26\%\). Correct option: 26%.
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