Ramlal marks up his goods by 40% and gives a discount of 10%. What is his net profit.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 26%.
Given that
Goods are marked up by 40% and a discount is given of 10%
Successive percentage change = 40 - 10 + = 26%
Hence net profit = 26%