Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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 marked price of the same article, then his percentage profit/loss will be:

Options:

$4\%$ loss

$4\%$ profit

$4\frac{1}{6}\%$ profit

$4\frac{1}{6}\%$ loss

Correct Answer:

$4\frac{1}{6}\%$ profit

Explanation:

Discount1 = 10%

Discount 2 = 25%

Let MP = 100.

SP of the article = 100 × 90% = 90

CP of the article = 90 × \(\frac{4}{5}\)  = 72

New SP of the article = 100 × \(\frac{3}{4}\)  = 75

Profit percentage = \(\frac{(75 – 72) × 100}{72}\) = $4\frac{1}{6}\%$