A shopkeeper marks an item 20% above the cost price and allows a 10% discount. Find his profit percentage.
A8%
B10%
C12%
D15%
Explanation
Let CP = 100. MP = 120. Selling Price = 120 * 0.9 = 108. Profit = 8%.
Exam Relevance
- Topic: Profit and Loss
- Subtopic: Marked Price
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