A trader marked up his articles 25% more than the cost price. If he offered a discount of 10%, then what will be his profit percentage?
Answer & explanation
Correct answer: option 2
A trader marked up = 25% more than the cost price.
Discount = 10%
Let the cost price be 100.
Mark price = 100 × 125% = 125
Selling price = 125 × 90% = 112.5
Profit% = \(\frac{12.5}{100}\) × 100 = 12.5%