r/mathpuzzles • u/Own_Pitch4959 • 14d ago

General aptitude question

Question: A shopkeeper marks up an item by 40% above cost price, then offers a 25% discount on the marked price. What is his overall profit or loss percentage?

11 votes, 7d ago
0 5% loss
11 5% profit
1 Upvotes

100% Upvoted

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u/AsAP0Verlord 13d ago

Start with p=1. 1-> 1.4 -> 1.4*(1-0.25) = 1.05