15% of the marked price of an item is equal to 25% of its cost price. If a discount of 25% is given on the sale of the item, then what will be the profit percentage?
15% of the marked price of an item is equal to 25% of its cost price.
15% of the marked price =Ā 25% of cost price
$$\frac{marked\ price}{cost\ price} = \frac{25\%}{15\%}$$
$$\frac{marked\ price}{cost\ price} = \frac{5}{3}$$
So let's assumeĀ the marked price and cost price is '5y' and '3y' respectively.
If a discount of 25% is given on the sale of the item.
SellingĀ price = 5y of (100-25)%
= 5y of 75%
=Ā $$5y\times\frac{75}{100}$$
= $$5y\times\frac{3}{4}$$
=Ā $$\frac{15y}{4}$$
=Ā 3.75y
Profit percentage =Ā $$\frac{(selling\ price - cost\ price)}{cost\ price}\times100$$
= $$\frac{(3.75y-3y)}{3y}\times100$$
= $$\frac{(0.75y)}{3y}\times100$$
=Ā $$\frac{75y}{3y}$$
= 25%
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