Question 73

A trader marked up his articles 25% more than the cost price. If he offered a discount of 10%, then what will be his profit percentage?

Solution

Let the CP of the article be 100.

According to the question, MP of the article is 25 % above CP of the article , i.e. MP= 125

After the Discount of 10 % on MP we get SP = 112.5

Hence, Profit = SP-CP = 112.5 - 100 = 12.5

Profit % = $$\frac{12.5\ \times\ 100}{100}$$= 12.5 %.

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