Profit and Loss Practice Test 5

Question : 9 of 40

Marks: +1, -0

A shopkeeper marks his goods at a price that would give him 20% profit and allows a discount of 10% in the sale on the marked price. What is his profit or loss per cent in the transaction?

8% profit
12% profit
30% profit
10% loss

Validate

Solution:

Let C.P. = Rs. 100; then marked price = Rs. 120
Since, S.P. =

90/100 ×120

= Rs. 108
∴ profit = 108 – 100 = Rs. 8; Hence, profit% = 8%

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