A marks her goods 25% above the cost price. She sells 25% of the goods at the marked price, 60% at 25% discount and the remaining at 10% discount. What is her overall gain or loss per cent?
Answer & explanation
Correct answer: option 4
Let the cost price of the article = 100
Markup = 25%
Then the marked price of the article = 125% of 100 = 125
CP SP
25% 31.25 31.25 (sold at marked price)
60% 75 56.25 ( sold at 25% discount)
15% 18.75 16.875 ( sold at 10% discount)
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125 104.375
Profit = 104.375 - 100 = 4.375
Profit% = 4.375 × \(\frac{100}{100}\) = 4.375%