Question

A trader marked the price of his article so as to include a profit of 25%. He allowed discount of 16% on the marked price. What was his actual
profit?​

Answer 1

Answer:

5%

Step-by-step explanation:

let the cost be 100

then he marked it for 25% profit

i.e. 125

then he redeuced price by 16%

i.e 125*((100-16)/100)

i.e 125*(84/100)

i.e 105

so actual profit = 105-100

= 5

5%