Question: A trader marks his goods 25% above the cost price. If he sells them at a discount of 10%, what is his profit percentage?
Options:
Correct Answer: 12.5%
Solution:
Let Cost Price = 100. Marked Price = 125. Selling Price = 90% of 125 = 112.5. Profit = 112.5 - 100 = 12.5. Profit Percentage = (12.5/100) * 100 = 12.5%.