Arithmeticmedium · Past Paper
A shopkeeper marks his goods 40% above the cost price and allows a discount of 10%. What is his net profit percentage?
A30%
B26%
C25%
D35%
✓ Correct Answer: B — 26%
If CP=100, MP=140. SP = 140 - (10% of 140) = 126. Profit = 126 - 100 = 26%.
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