A shopkeeper marks his goods 20% higher than the cost price

A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is:

Suppose C.P. of article = Rs. 100
Its marked price = Rs. 120
On 5% discount ,

∴ S.P. =	120 × 95	= Rs. 114
	100

Profit = S.P. of article - C.P. of article = 114 - 100 = Rs. 14

∴ Profit percent =	Profit	× 100
	C.P.

Profit percent =	14	× 100 = 14%
	100