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Question 75
A merchant marked his goods 25% above the cost price and then allows a discount of 5%. Then the profit percent in this transaction is
Solution
Effective selling price = 0.95 x MP = 0.95 x 1.25 x CP = 1.1875 CP
$$\therefore\ $$Profit percentage = $$\frac{1.1875CP-CP}{CP}\times100$$ = 18.75% = $$18\frac{3}{4}$$%
Hence, the correct answer is Option A
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