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    Question

    A trader marks up his goods by 40% and offers a discount

    of 10%. If the cost price of the goods is ₹300, find his actual profit percentage.
    A 26% Correct Answer Incorrect Answer
    B 32% Correct Answer Incorrect Answer
    C 24% Correct Answer Incorrect Answer
    D 28% Correct Answer Incorrect Answer

    Solution

    Marked price = Cost Price + 40% of ₹300 = ₹300 + 40% of ₹300 = ₹300 + ₹120 = ₹420. Discount = 10% of ₹420 = ₹42. Selling price = ₹420 - ₹42 = ₹378. Profit = Selling Price - Cost Price = ₹378 - ₹300 = ₹78. Profit percentage = (Profit / Cost Price) × 100 = (78 / 300) × 100 = 26%.

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