A trader allows a discount of 20% on his goods and still makes a profit of 25%.Find the profit percent made, if he sells his goods at: (1) the Marker price (2) at 10% discount
What i've tried:
let MP = 100
D=20%
=> SP = 80
SP = 80
P = 25%
SP CP
125 100
80 ?
CP = (80 * 100)/125
= 64
profit = SP - CP
= 80 - 64
= 16
P% = 16/64 * 100
= 25%
but the correct answer is 56.25 %
Let $S$ be the usual sale price, $C$ be the cost.
You are given that $\frac{0.8 S } { C} = 1.25$.
For (1), you want to compute $\frac{S } { C} = \frac{1} {0.8} \frac{0.8 S } { C} = \frac{1} { 0.8} 1.25 = 1.5625$ (ie, 56.25%).
For (2), you want to compute $\frac{0.9 S } { C} = 0.9 \cdot 1.5625 = 1.40625$ (ie, 40.625%).