Problem Solving (PS) | Re: The marked price of a laptop is 40% higher than the cost

Let the cost price of Laptop be 100

Marked price= 100*\(\frac{140}{100}\)= 140

Discount= 140*\(\frac{20}{100}\)= 28

Selling Price= 140-28= 112

Profit %= \(\frac{112-100}{100}\)*100= 12%

Answer: B.

Kudos please if you like my explanation!

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