A shopkeeper purchases goods at 1920 of its marked price and sells them at 14% more than its marked price. Find his profit per cent.

• Let marked price of the goods = Rs. 100. Then cost price = Rs. 100 x 19/20 = Rs. 95
  Selling price = Rs. 100 + 14% of Rs. 100 = Rs. 114
  Therefore, Profit = Rs. 114 - 95 = Rs. 19 on Rs. 95
  Therefore, Profit = 1995=15 = 20%
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