Question

A tradesman marks his goods 25% above the cost price and allows his customers 12 % reduction on their bills. What percent profit does he make?

Answer 1

Answer:

Profit = 10%

Step-by-step explanation:

Let CP= Rs. 100,

therefore, MP= Rs. 125,

Discount% = 12%

SP = 88% of MP = 88% of 125 = Rs. 110.

Profit = 110 – 100 = Rs. 10

Profit = 10%.