Multiple choice

A store-keeper marks his saris at 20% above the cost price and gives his customers a discount of 10%. What is his profit percentage?

  1. 18%

  2. 12%

  3. 10%

  4. 8%

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let the cost price be 100. The marked price is 120 (20% above). A 10% discount on 120 is 12, making the selling price 108. The profit is 108 - 100 = 8, which is 8%.

AI explanation

Assuming the cost price is 100, the marked price becomes 120 after a 20 percent markup. A 10 percent discount on 120 reduces the selling price to 108. The profit percentage is 108 minus 100, which is 8 percent.

Keep practicing — related questions