Question

A dealer purchased an article at 20% discount on the marked price but sold it at the marked price. Find his profit percentage.​

Answer 1

If percentage is given and asked, we can just play with any number.

Let list price is 100.

So dealer bought the article at 80.

Dealer marked article at 125.

Dealer allowed 20% discount so article was sold at 80% of 125 = 100.

So article bought at 80 was sold at 100. Profit is 20 on 80 ie 25%. [(20/80)*100 %]