If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25%. If he offers a discount of 25% on the same article, then his profit or loss percent will be:
Answer & explanation
Correct answer: option 3
Let MRP = Rs. 100
SP = 100 × \(\frac{90}{100}\) = Rs. 90
CP = 90 × \(\frac{100}{125}\) = Rs. 72
SP = 100 × \(\frac{75}{100}\) = Rs. 75
Profit % = \(\frac{(75 - 72)}{72}\) × 100 = 4\(\frac{1}{6}\)%