Multiple choice

A shopkeeper sells an item at 70% profit. If his marked price is double the selling price and gives 40% discount find his new profit percent.

  1. 112%

  2. 104%

  3. 125%

  4. 150%

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100. Original: 70% profit → SP = 170. MP = 2×SP = 340. After 40% discount: new SP = 340 × 0.6 = 204. New profit = 204-100 = 104. New profit percent = 104%. Option B matches this calculation.