Mohan purchases a table at an MRP of ₹800, at a discount of 10%. If he sells it at ₹900, then the profit percentage is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 25% profit.
MRP = ₹800
Discount = 10%
Selling price to Mohan (Cost Price) = ₹800 − 10% of ₹800
⇒ ₹800 − ₹80 = ₹720
Mohan sells at ₹900
Profit = ₹900 − ₹720 = ₹180
Profit% = × 100 = 25%