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    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:
    A 21% Correct Answer Incorrect Answer
    B 19% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 18% Correct Answer Incorrect Answer

    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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