A trader marks his goods at 35% above the cost price. He sells 80% the goods at the marked price and rest, he sells by allowing 35% discount on the marked price. His profit percent is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 25.55
Let CP = ₹100
MP = ₹135
80% sold at ₹135
0.8 × 135 = 108
20% sold at 35% discount
SP = 135 × 0.65 = 87.75
0.2 × 87.75 = 17.55
Total SP = 108 + 17.55 = 125.55
Profit% = (125.55 − 100)/100 × 100 = 25.55%