Question

a) A shopkeeper fixed the price of his articles 25 % above the cost price. If he sold an
article allowing 5 % discount, find his profit percent.
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Answer 1

Answer:

mp=cp+25%ofcp=1.25cp

discount=5%

discount amount=d%ofmp=5/100×0.25cp=0.0125cp

sp=mp-discount=1.25cp-0.0125cp=1.2375cp

profit%=(sp-cp)/cp×100%=(1.2375cp-cp)/cp×100%=0.2375cp/cp×100%=0.2375×100%=23.75%

Answer 2

Answer:

I guess it is correct