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 %