A trader marks his goods at 40% above the cost price. He sells 70% of the goods at the marked price and the rest he sells by allowing a 40% discount on the marked price. His percentage profit is:

Answer: Option C

Solution

Answer: Option C

Solution:

Let, the cost price of 100 article is 100

Selling price = 98 + 25.2 = 123.2
Profit % $$=\frac{23.2}{100}\times 100=23.2\%$$