An article costs ₹1000. It is marked 40% above cost price and then sold at a discount of 25% on the marked price. What is the profit percent? (answer in %)

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5. MP = 1000 × 1.40 = 1400; SP = 1400 × 0.75 = 1050; profit = 50; profit% = 50/1000 × 100 = 5%.

An article costs ₹1000. It is marked 40% above cost price and then sold at a discount of 25% on the marked price. What is the profit percent? (answer in %)

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