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? |
22.5% 20% 17.5% 25% |
25% |
15% of the marked price of an item = 25% of its cost price \(\frac{MP}{CP}\) = \(\frac{25}{15}\) Discount = 25% on MP Selling price = 75% of MP = 75% of 25 = 18.75 Profit = 18.75 - 15 = 3.75 Profit% = 3.75 × \(\frac{100}{15}\) = 25% |