NIFT PG 2020 Question Paper with solutions

Question : 20 of 150

Marks: +1, -0

If a person marked a product

25 \%

above the cost price but allows

10 \%

discount, then the percentage of profit is

Solution:

Let the CP of the product

=₹ x

Then, MP of the product

=125 \%

x=₹ 1.25 x

And SP of the product

=90 \%

1.25 x=₹ 1.125 x

∴

Profit percentage

=\;{1.125 x-x}/{x} × 100 \%=12.5 \%

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