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      Question

      A shopkeeper marks the price of an article 25% above

      its cost price and then allows a discount of 10% on the marked price. What is his profit percentage?
      A 12.5% Correct Answer Incorrect Answer
      B 18.5% Correct Answer Incorrect Answer
      C 15.3% Correct Answer Incorrect Answer
      D 33.33% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let cost price (CP) = β‚Ή100 Marked price (MP) = 100 + 25% of 100 = 100 + 25 = β‚Ή125 Selling price (SP) after 10% discount: = 125 βˆ’ 10% of 125 = 125 βˆ’ 12.5 = β‚Ή112.5 Profit = SP βˆ’ CP = 112.5 βˆ’ 100 = 12.5 Profit % = (12.5 / 100) Γ— 100 = 12.5%

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