A shopkeeper keeps the marked price of his goods 50% more than the cost price. If he gives successive discounts of 5%, 10% and 20% on the marked price, then what is his profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. %.
Let CP = 100
MP = 150
SP = 150 × (95/100) × (90/100) × (80/100) = 102.60
Profit = 102.60 - 100 = 2.6% = %