A shopkeeper buys an article for ₹1,200 and marks its price 25% above cost. He then sells it after allowing a 10% discount on the marked price. What is his profit percent?

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Accepted Answer

12.5%. Marked price = 1200 × 1.25 = ₹1500. Selling price = 1500 × 0.9 = ₹1350. Profit = 1350 − 1200 = ₹150, so profit% = 150/1200 × 100 = 12.5%.

A shopkeeper buys an article for ₹1,200 and marks its price 25% above cost. He then sells it after allowing a 10% discount on the marked price. What is his profit percent?

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