The cost price of goods, for a shopkeeper, was X. He marked them at 15% above the cost price. Finally, he sold the goods at a discount of 25% what is his profit/loss percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 13.75 loss
Let the cost price be 100 units,
After marking up above 15%, it becomes = 115 units
25% discount on 115
⇒ 115 × (75/100)
⇒ 86.25
⇒ 86.25 - 100 = -13.75%
Here, the negative sign indicates loss.