Practicing Success
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: |
25 15 10 20 |
25 |
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% |