A cell phone was marked at 20% above the cost price and a discount of 10% was given on its marked price. What is the profit percentage?

8%

Let the cost price = 100

Markup = 20%

So the Marked price = 120

Discount = 10%

So, the selling price = 120 × \(\frac{90}{100}\) = 108

So the profit = 108 - 100 = 8

Profit% = 8 × \(\frac{100}{100}\) = 8%