A trader marked up his articles 25% more than the cost price. If he offered a discount of 10%, then what will be his profit percentage?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer is option 2 i.e. 12.5%
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Understanding |
Application |
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Trader marked up his articles 25% more than the cost price. |
Suppose CP = 100 So, MP = 1.25 × 100 = 125 |
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He offered a discount of 10%. |
SP = 125 × 0.9 = 112.5 |
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Now, CP = 100 SP = 112.5 |
Hence, Profit = 12.5% |