A mobile is marked at a price 25% above its cost price. At what discount percentage should it be sold to make a 10% profit? |
10% 11% 12% 13% |
12% |
Let the cost price of the article = 100 Marked price of the article with 25% markup = 125 Expected selling price = 110 discount% offered = (125 - 110) × \(\frac{100}{125}\) = 12% |