A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is. ?->(Show Answer!)

1. A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is.

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By: anil on 05 May 2019 02.19 am

Let cost price = Rs. $$100$$ Markup % = 20% => Marked price = $$100+(frac{20}{100} imes100)$$ = $$100+20=Rs.$$ $$120$$ After allowing discount of 5%, => Selling price = $$120-(frac{5}{100} imes120)$$ = $$120-6=Rs.$$ $$114$$ $$ herefore$$ Profit % = $$frac{(114-100)}{100} imes100=14\%$$ => Ans - (A)

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