The marked price of an article is 25 percent more than its cost price. If the profit earned is 18 percent, then what is the discount offered on the article?
Show answer & explanation
Correct answer: A
Explanation
Let Cost Price = ₹100
Marked Price = ₹125
Selling Price at 18% profit = ₹118
Discount = 125 - 118 = ₹7
Discount percentage = 7 / 125 × 100= 5.6%