A tradesman marks his goods 25% above the cost price and allows his customers a discount of 12% on their bill. What percentage of profit does a tradesman realize?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 10%.
Let CP = 100
MP = 125
Discount percentage = 12%
SP = (88/100) × 125 = 110
Profit = 110 - 100 = 10
Therefore, the tradesman realizes a 10% profit.