A trader makes a loss of 10% by selling a chair at a discount of 28% on the listed price. What will be his profit/loss if he sells the chair at 90% of its listed price?

A. 10%

B. 12.5%

C. 13.6%

D. 15%

Answer: Option B

Solution(By Examveda Team)

Let list price is 100
Selling price (SP) at discount = 100-28 = Rs 72
Therefore Cost price = 72/90 x 100 = 80
When chair is sold for Rs 90
profit = 90/80 x 100 - 1= 12.5%