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?
Answer & explanation
Correct answer: option 3
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%