Question
A merchant fixes the sale price of his goods at 25%
above the cost price. He sells his goods at a 5% discount marked price. His percentage of profit (rounded off to the nearest integer) is:Solution
Let CP =100 MP /CP = (100+P/L)/(100-D) 125/100= (100+x)/95 400+4x =475 4x=75 x =18.75 So, P% = 18.75% So, the answer will be 19%.
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