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A shopkeeper marks an item 40% above cost price and then offers a discount of 20%. What is the overall profit percentage?
  1. 11%
  2. 12%
  3. 13%
  4. None of these
Explanation

Let cost price = ₹100

1. Marked 40% above CP → Marked price = 100 + 40 = ₹140  

2. Discount 20% on MP → Selling price = 80% of 140 = 0.8 × 140 = ₹112

Profit = SP - CP = 112 - 100 = ₹12  

Profit % = 12/100 × 100 = 12%


Last verified on 13-06-2026

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