Profit and Loss Practice Test 9

Question : 21 of 40

Marks: +1, -0

A businessman marked his price of his commodity so as to include a profit of 25%. He allowed discount of 16% on the marked price. What was his actual profit?

Validate

Solution:

Let C.P. = Rs. 100; then marked price = Rs. 125
Hence, S.P.

=84/100 ×125

= Rs. 105
Since, actual profit = 105 – 100 = 5%

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