A shopkeeper bought an article for ₹100 and marked its price 25% above the cost price. How much discount percentage should he announce in order to make a profit of 15%?
C.P= Rs 100
M.P= Rs 125
Required Profit= 15%
S.P = $$C.P\times\frac{Profit}{100}$$
S.P=$$100\times\frac{15}{100}$$
S.P =Rs 115
Discount=125 - 115= Rs 10
Discount%=$$\frac{10\times100}{125}$$=8
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