A 25% profit is made when a discount of 25% is given on the marked price of an item. When the discount is 35%, what will be the profit? (Give your answer correct to the nearest whole number.)
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 8%.
Let MP = 100
After 25% discount → SP = 75
Profit = 25 → CP = 75 × 100 / 125 = 60
Now if discount = 35% → SP = 65
Profit = 65 – 60 = 5
Profit % = 5/60 × 100 ≈ 8.33% = 8%