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CAT 2023 Slot 3 · Quant · Profit, Loss and Discount · easy

A shopkeeper marks his goods 25% above the cost price and then allows a discount of 12% on the marked price to a customer.

Single correct option

A shopkeeper marks his goods 25% above the cost price and then allows a discount of 12% on the marked price to a customer. What is his profit percentage?
  1. A. 8%
  2. B. 10%
  3. C. 12%
  4. D. 13%
Show answer and solution

Answer: (B) 10%

Let cost price = 100. Marked price = 125. Selling price after 12% discount = 125 × 0.88 = 110. Profit = 110 − 100 = 10, so profit % = 10%. Shortcut: net multiplier = 1.25 × 0.88 = 1.10 → 10% profit directly.
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Original question written in the CAT 2023 Slot 3 pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake