Question : A mobile is marked at a price 25% above its cost price. At what discount percentage it should be sold to make a 5% profit?
Option 1: 16%
Option 2: 15%
Option 3: 18%
Option 4: 17%
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Correct Answer: 16%
Solution :
Let Rs. $100$ be the cost price.
Marked price = 100 + 25 = Rs. 125
Profit = 5%
Selling price = Rs. 105
Discount = $\frac{125-105}{125}×100\%$
= $\frac{20×4}{5}\%$
= $16 \%$
Hence, the correct answer is 16%.
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