The marked price of an article is Rs.625. After allowing a discount of 32% on the marked price, there was a profit of Rs. 25. The profit percentage (correct to the nearest integer) is:
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Correct answer: D
Explanation
The correct answer is option 4 i.e. 6.25%.
The Marked Price is Rs.625
After a discount of 32%, the selling price will be = 625 × {(100 - 32)/100}
Thus, the selling price will be = 625 × (68/100) = (25 × 68)/4 = 25 × 17
Selling Price = Rs.425
Profit = Rs.25
Cost Price = 425 - 25 = Rs.400
Profit % = (25/400) × 100 = 25/4 = 6.25%