The marked price of an article is 28% higher than its cost price. Find the profit or loss percentage if the shopkeeper gives a 25% discount.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Loss: 4%.
Let CP = 100
MP = 100 + 28 = 128
SP after 25% discount = 128 × 0.75 = 96
Loss = 100 - 96 = 4%