A 25% profit is made when a discount of 25% is given on the marked price of an item. When the discount is 35%, what will be the profit? (Give your answer correct to the nearest whole number.)
Answer & explanation
Correct answer: option 2
A 25% profit is made when a discount of 25% is given on the marked price means,
Let the marked price = 100
ATQ, the CP is = 100 × \(\frac{3}{4}\) × \(\frac{4}{5}\) = 60
When the discount is given 35% then SP = 100 - 35 = 65
Profit = (65 - 60) × \(\frac{100}{60}\) = 8%