A shopkeeper marks his goods 12% above the cost price and offers a discount of 8.5% on the marked price. Find his profit or loss percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e , Profit 2.48%.
Let the cost price (CP) be ₹100.
MP = 100 + 12% of 100 = 100 + 12 = ₹112
Discount = 8.5% of 112 = (8.5 / 100) × 112 = ₹9.52
SP = 112 - 9.52 = ₹102.48
Profit = SP - CP = 102.48 - 100 = ₹2.48
Profit Percentage = (Profit / CP) × 100 = (2.48 / 100) × 100 = 2.48%