Subject
Quantitative Aptitude
Topic
Profit & Loss
A shopkeeper labelled the price of his articles so as to earn a profit of 40% on the cost price. He then sold the articles by offering a discount of 20% on the labelled price. What is the actual percent profit earned in the deal?
A shopkeeper labelled the price of his articles so as to earn a profit of 40% on the cost price. He then sold the articles by offering a discount of 20% on the labelled price. What is the actual percent profit earned in the deal?
ক)
18%খ)
12%গ)
15%ঘ)
Cannot be determinedঙ)
None of theseExplanation
Let the cost price of the articles be Rs. 100. So, the labelled price for earning 40% profit = 100 + (40% of 100) = Rs. 140 He sold the articles by offering a discount of 20% on the labelled price. Then, the selling price = 140 – (20% of 140) = Rs. 140 × (80/100) = Rs. 112 ∴ The actual profit in the dealRelated questions
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