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    Question

    A shopkeeper marked his goods 60% above cost price and

    gave a discount of 25%. Find profit percentage of the shopkeeper.
    A 20% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 30% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let cost price of goods be Rs. 100 Marked price of goods = 1.6 × 100 = Rs. 160 Selling price of goods = 0.75 × 160 = Rs. 120 Profit percentage = [(120 - 100)/100] × 100 = 20%

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