A trader marks his goods 40% above cost price and gives a discount of 10%. Find his profit percentage.
- A. 26% ✓
- B. 30%
- C. 24%
- D. 20%
Correct answer
A. 26%
Explanation
Let CP = 100. Marked price = 140. Discount 10% of 140 = 14. SP = 126. Profit% = 26%.