The marked price of an article is ₹ 625. After allowing a discount of 32% on the marked price, there was a profit of ₹25. The profit percentage (correct to the nearest integer) is:
Correct Answer :
6%
Solution :
To find the profit percentage, we need to first calculate the selling price (SP) and then the cost price (CP) of the article.
Step 1: Calculate the Selling Price (SP)
The marked price (MP) of the article is ₹ 625.
A discount of 32% is allowed on the marked price.
Discount Amount = 32% of MP
Discount Amount =
Discount Amount =
Therefore, the Selling Price (SP) is:
SP = Marked Price - Discount Amount
SP =
So, the Selling Price is ₹ 425.
Step 2: Calculate the Cost Price (CP)
We are given that the profit made on the sale is ₹ 25.
Profit = Selling Price (SP) - Cost Price (CP)
CP = Selling Price (SP) - Profit
CP =
So, the Cost Price of the article is ₹ 400.
Step 3: Calculate the Profit Percentage
The formula for profit percentage is:
Profit Percentage =
Profit Percentage =
Profit Percentage =
Rounding 6.25% to the nearest integer gives 6%.
Thus, the profit percentage correct to the nearest integer is 6%.
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