Question

The marked price of an article is 25% more than the cost price. If a dealer allows 10% discount on the marked price, what will be his profit percentage?

Answer 1

Answer:

12.5%

Step-by-step explanation:

Let x be the Cost price.

Marked Price = 1.25x

Selling price = 1.25x*0.9 = 1.125x

Net profit = 1.125x - x  = 0.125x

Profit percentage = 12.5%.