A shopkeeper marks his articles at 30% above the cost price and allows the purchaser a discount of 20% for cash buying. What profit per cent does he make?
Explanation:
Let the cost price for shopkeeper be Rs. 100
Marked Price = Rs. 130
Selling price after 20% discount = 130 - 26 = 104
∴ Profit % = 4/100 × 100% = 4%.
Hence, option (a).