Ramlal marks up his goods by 40 and gives a discount of 10 What is his net profit percentage ........

Quantitative Aptitude (CGL) Profit and loss

Ramlal marks up his goods by 40% and gives a discount of 10%. What is his net profit percentage?

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24%

26%

28%

32%

- Ramlal marks up his goods by 40%. This means he increases the price by 40% over cost price.

- If the cost price (CP) is 100, the marked price (MP) becomes 140.

- He gives a discount of 10% on the marked price.

- 10% of marked price 140 is 14.

- The selling price (SP) becomes 140 - 14 = 126.

- Profit is calculated as Selling Price minus Cost Price.

- Profit = 126 - 100 = 26.

- The profit percentage is calculated over the cost price: (Profit/Cost Price) × 100 = (26/100) × 100 = 26%.

Your understanding of profit percentage is spot on.

- Option 2: 26% is the correct answer.

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