A shopkeeper allows 25% discount on the marked price of an article and suffers a loss of 15%. What will be his profit or loss percentage if he sells the article at marked price? MCQ with Answer and Explanation
A shopkeeper allows 25% discount on the marked price of an article and suffers a loss of 15%. What will be his profit or loss percentage if he sells the article at marked price?
A. 11.5% Profit
B. 15% Profit
C. 10% Profit
D. 13.33% Profit
Answer: Option D
Solution (By JKSSB Mock Tests)
Let Marked Price (MP) = 100. SP = 75. Loss = 15%, so SP = 0.85 * CP. 0.85 * CP = 75. CP = 75 / 0.85 = 1500 / 17. If sold at MP (100), Profit = 100 - (1500/17) = 200/17. Profit % = ((200/17) / (1500/17)) * 100 = (200/1500) * 100 = 13.33%.
A merchant marks his goods up by 50% and then offers a discount on the marked price. If his final profit is 20%, what is the discount percentage given?
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