The marked price of an article is 50 percent more than its cost price. If the profit earned is 25 percent, then what is the discount offered on the article?
Show answer & explanation
Correct answer: B
Explanation
Cost Price = 100
Marked Price = 150
Selling Price = 125
Discount = 150 - 125 = 25
Discount Percentage = 25 / 150 × 100= 16.67%