Question : A tradesman marks his goods 25% above the cost price and allows his customers a discount of 12% on their bill. How much % profit do tradesmen realize?
Option 1: 13%
Option 2: 11%
Option 3: 12%
Option 4: 10%
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Correct Answer: 10%
Solution :
Let the cost price be Rs.100.
Marked price = 100 +2 5 = Rs. 125
Discount = 12% of marked price
Selling price = 88% of marked price = 0.88 × 125 = Rs. 110
Profit = 110 – 100 = 10
Profit % = $\frac{10}{100}×100$ = 10%
Hence, the correct answer is 10%.
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