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A trader marked the price of his commodity so as to...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

A trader marked the price of his commodity so as to include a profit of 25%. He allowed discount of 16% on the marked price. His actual profit was -

Answer & Solution
Correct Answer: Option A
Let Cost price be Rs. 100
Then,
Marked price = Rs. 125
Selling price = 84% of Rs. 125
$$\eqalign{ & {\text{ = Rs}}{\text{.}}\left( {\frac{{84}}{{100}} \times 125} \right) \cr & = {\text{Rs}}{\text{.105}}{\text{}} \cr} $$
∴ Profit % = (105 - 100)% = 5%
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