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A shopkeeper marks his goods 50% above cost and gives 20% discount. His profit %:
A20%
B25%
C30%
D10%
Answer & Solution
Correct answer: A. 20%
1. Let cost = 100. Marked price = 150. After 20% discount, SP = 150 × 0.80 = 120.
2. Profit = SP − Cost = 120 − 100 = 20.
3. Profit % = 20/100 = 20%.
_Source: KMAT Karnataka 2022 PYQ Q.78_
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