Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An item is marked 37.5% above the cost price. If a discount of 9.09% is allowed, then the profit percentage (correct to nearest integer) is:

Options:

25

15

10

20

Correct Answer:

25

Explanation:

Cost price of the article = 100

Markup = 37.5%

Marked price = 137.5

Discount = 9.09% = \(\frac{1}{11}\) 

Selling price = 137.5 × \(\frac{10}{11}\) = 125

Profit % = 125 - 100 = 25%