The cost price of goods, for a shopkeeper, was X. He marked them at 15% above the cost price. Finally, he sold the goods at a discount of 25%. What is his profit/loss percentage ? |
13% Loss 12% Profit 13.5% Profit 13.75% Loss |
13.75% Loss |
Direct concept = Loss percentage = x + y - \(\frac{x × y}{100}\) Loss percentage = 25 + 15 - \(\frac{25 × 15}{100}\) = 13.75% Loss |