Question:
A style cloth emporium the shopkeeper measures 20% less for every metre of cloth also he marks-up goods by 20%. What is the profit percentage?

Option A):
75%
Option B):
65%
Option C):
50%
Option D):
85%

Correct Answer is Option C):
50%

Explanation:
Let CP = Rs. 100, then SP will be 120.
He gives cloth worth Rs. 80 instead of Rs. 100.
Hence,
% Profit = [(120 - 80) /80] *100 = 50%.