Percentage Practice Test 2 with solutions

Question : 16 of 40

Marks: +1, -0

A shopkeeper marks the prices of his goods at 25% higher than the original price. After that, he extends a discount of 5%. What is his profit?

Solution:

Let x = 25%, y = 5%
Then, net profit

=(x-y-{xy}/100)%

=(25-5-{25×5}/100)%=18.75%

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