If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25%. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. (25/6)% profit
| Application |
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Let the Marked price of the article = Rs.100 ⇒ cost price = (90 × 100)/125 = 72 If the discount is 25% then selling price = 75 ∴ Required profit % = [(75 - 72)/72] × 100 = 25/6% |