A shopkeeper marks an item 40% above cost price and then offers a discount of 20%. What is the overall profit percentage?
- 11%
- 12%
- 13%
- 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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