Question

The marked price of a bag is 25% above the selling price and cost price is 40% below the marked price. what was the profit percent and the discount rate?

Answer 1

Step-by-step explanation:

suppose selling price is x

Marked Price = 1.25 x

Cost Price = 1.25 x-4(1.25x)= 1.25x-.5x

Cost Price = .75x

Selling Price Cost Price + Profit Profit Selling price - Cost price

= x - 0.75x

=0.25x

Hence Profit is 25 %

Discount is 25 %