The marked price of a table is ₹3,000, which is 25% above the cost price. It is sold at a discount of 20% on the marked price. What is the profit or loss percent?
Answer & explanation
Correct answer: option 4
Let the cost price of the article = 100
Markup = 25%
Then the marked price of the article = 125
Now the discount = 20%
Selling price = 80% of 125 = 100
So profit or loss = 100 - 100 = 0
No profit no loss.