If 25% discount is given on an article, then there will be a loss of 15%. If the article is sold at its marked price, then what will the profit percentage be? [Give your answer correct to 2 decimal places.]
Answer & explanation
Correct answer: option 3
Discount = 25% means 75% of marked price
Loss% = 15% means 85% of the cost price
75% of MP = 85% of CP
MP : CP = 17 : 15
Profit when sold at MP = 2 × \(\frac{100}{15}\) = 13.33%