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?

15 percent 12 percent 10 percent 8 percent

12 percent

Marked price = 140 when, the cost price = 100   MP                         CP 140                         100 ⇓ 20% Dis. 112                        100 So the profit % is = 112-100 = 12%