Manik marks the price of his toys 40\% above the cost price. If he allows a 20\% discount, then what is the profit or loss percentage? - Quantitative Aptitude MCQ Staff Selection Commission 2026 | ExamTest.live

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Manik marks the price of his toys 40% above the cost price. If he allows a 20% discount, then what is the profit or loss percentage?

Solution & Step-by-step Explanation

Let the Cost Price (CP) be 100 .Manik marks the price 40% above CP : Marked Price (MP) = 100 + 40% of 100 = 140 He gives a discount of 20% on MP : Discount = 20% of 140 = \frac{20}{100} \times 140 = 28 Find the Selling Price (SP): SP = MP - Discount = 140 - 28 = 112 Since SP > CP, there is a profit: Profit Percentage = SP - CP = 112 - 100 = 12% profit

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Manik marks the price of his toys 40% above the cost price. If he allows a 20% discount, then what is the profit or loss percentage?

4% profit

12% profit

8% loss

12% loss

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