When an article sold at its marked price, it gives a profit of 25%. If a discount of 9.6% is allowed on the marked price, then the profit percent will be:
Answer & explanation
Correct answer: option 2
25% = \(\frac{1}{4}\)
CP = 4 unit
MP = 5 unit
SP = 5 × \(\frac{90.4}{100}\) = 4.52 unit
Profit percentage = \(\frac{(4.52 - 4)}{4}\) × 100
= 13%