Q. A shopkeeper marks an article 25% above its cost price and allows a discount of 10%. What is his profit percentage?
β
Correct Answer: (B)
12.5%
Explanation: Let CP = βΉ100. MP = βΉ125. SP = 125 × 90/100 = βΉ112.50. Profit = 12.5%.
Explanation by: Krishna Sharma
Let CP = βΉ100. MP = βΉ125. SP = 125 × 90/100 = βΉ112.50. Profit = 12.5%.