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Q.7 - A shopkeeper bought an article at 20% discount on the marked price, and he sold it at a profit of 40% on the marked price. What is the actual profit% made by the shopkeeper?

Answer»

Answer:

75%

Step-by-step explanation:

let the marked PRICE be 100 rs

so shopkeeper BOUGHT the ARTICLE at 20% discount

cost price = 100 - 20 = 80 rs

but shopkeeper sold the article on 40 % profit on ORIGINAL marked price

ie. selling price = 100 + 40 = 140 rs

now profit to shopkeeper = 140 - 80

= 60 rs

profit percentage = 60*100/80

= 75


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