A trader marks his goods 40 % above cost price and allows a discount of 25 % . profit he makes, is i

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7.Profit and Loss

medium

A trader marks his goods $40 \%$ above the cost price and allows a discount of $25 \% .$ The profit he makes, is in $\%$

A

$15$

B

$10$

C

$5$

D

$2$

Solution

Let $CP$ be $Rs.\, x$

Then $MP$ (after marking $40 \%$ above $C P)=R s .1 .4 x$

$SP$ (after discount of $25 \%)$

Rs. $[1.4 x][1-0.25] \quad \Rightarrow$ $Rs.$ $1.05 x$

$\%$ Profit $=$ Rs. $\left[\frac{1.05 x-x}{x}\right] \times 100 \%=5 \%$

Standard 13

Quantitative Aptitude

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