A shopkeeper marks his goods 25% above the cost price and allow 20% discount. Find his profit percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 0%.
Let the cost price of the goods be 100x.
Now, MP = 125x
So, SP = MP × (100 - D)/100
⇒ SP = 125x × 80/100
⇒ SP = 100x
Profit % = 100x - 100x = 0%