A table costs ₹2,250, which is 25% below the marked price. If the article is sold at a discount of 18% on the marked price, then what is the profit or loss percentage? (Correct to two decimal places).
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Profit of 9.33%.
Cost Price (CP) = ₹2,250
CP = 75% of MP
⇒ 2250 = × MP
⇒ MP = 3000
⇒ SP = = 82 × 30 = 2460
Profit% = = 9.33%