21 Views

Question : A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is:

Option 1: 15%

Option 2: 20%

Option 3: 10%

Option 4: 14%


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 14%


Solution : Let the cost price of the product be Rs. 100.
Then, the market price of the product will be (Rs. 100 + Rs. 20) = Rs. 120
Discount = 5%
Discount offered = 5% of MP = $\frac{5}{100}\times120$ = Rs. 6
$\therefore$ SP = MP – Discount = Rs. 120 – Rs. 6 = Rs. 114
⇒ Profit = SP – CP = Rs. 114 − Rs. 100 = Rs. 14
⇒ Profit percentage = $\frac{14}{100}\times100$ = 14%
Hence, the correct answer is 14%.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books