The marked price of an article is 40 percent more than its cost price. If 20 percent discount is given on the marked price, then what will be the profit percentage?
Answer & explanation
Correct answer: option 2
Marked price = 140
when, the cost price = 100
MP CP
140 100
⇓ 20% Dis.
112 100
So the profit % is = 112-100 = 12%