Percentage and Profit & Loss
Problem
A shopkeeper marks his goods 20% above cost price but allows a discount of 10%. What is his profit percentage?
Solution
Let CP = ₹100
Marked Price (MP) = 100 + 20% of 100 = ₹120
Discount = 10% of 120 = ₹12
Selling Price (SP) = 120 - 12 = ₹108
Profit = 108 - 100 = ₹8
Profit % = (8/100) × 100 = 8%