A shopkeeper publishes a list of prices which are 60% above the CP. He proposes to give 20% discount. How much profit does he really make?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 28%.
Let, CP = 100
MP = 100 + 60 = 160
SP = (80/100) × 160 = 128
Profit = SP - CP = 128 - 100 = 28
Hence, the shopkeeper still makes a 28% profit.