Question

James marks all his goods at 50% above the cost price and offers a discount of 25% on the marked price. The actual profit or loss is

Answer 1

Answer:

12.5 % Profit

Step-by-step explanation:

Let the CP be x.

Then MP = 150x/100 = 3x/2

SP = 3x/2*[(100-25)/100]

= 3x/2*75/100 = 9x/8

Profit = SP-CP

= (9x/8)-x = x/8

Profit % = x/8/x*100

= 100/8 = 12.5 % Profit