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Question 88
When an article is sold at its marked price, it gives a profit of 25%. If a discount of 9.6% is allowed on the marked price, then the profit percent will be:
Solution
Let the cost price be Rs.100.
Profit = 25%
Marked or selling price = 125
Discount = 9.6%
Selling price after discount = (100% - 9.6 = 90.4%) of the marked price
= 125 $$\times \frac{90.4}{100}$$ = Rs. 113
Profit after discount = 113 - 100 = Rs.13
Profit percentage = $$\frac{13}{100} \times 100 $$ = 13%
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