Practicing Success
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.] |
15.66% 12.66% 13.33% 10.22% |
13.33% |
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% |