A trader marks his goods 25% above the cost price. If he sells them at a discoun
Practice Questions
Q1
A trader marks his goods 25% above the cost price. If he sells them at a discount of 10%, what is his profit percentage?
12.5%
15%
10%
20%
Questions & Step-by-Step Solutions
A trader marks his goods 25% above the cost price. If he sells them at a discount of 10%, what is his profit percentage?
Markup and Discount – Understanding how to calculate the marked price by applying a markup percentage and then determining the selling price after applying a discount.
Profit Calculation – Calculating profit by finding the difference between selling price and cost price, and then determining profit percentage.
