Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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?

Options:

10%

11%

12%

13%

Correct Answer:

12%

Explanation:

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%