Practicing Success
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: |
4% loss 4% profit 4\(\frac{1}{6}\)% profit 4\(\frac{1}{6}\)% loss |
4\(\frac{1}{6}\)% profit |
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\(\frac{1}{6}\)% |