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 %