Question Details

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:

Options

A

5%

B

4%

C

6%

D

7%

Show Answer

Correct Answer :

Option C

6%

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 = 32100×625
Discount Amount = 0.32×625=200
Therefore, the Selling Price (SP) is:
SP = Marked Price - Discount Amount
SP = 625-200=425
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 = 425-25=400
So, the Cost Price of the article is ₹ 400.

Step 3: Calculate the Profit Percentage
The formula for profit percentage is:
Profit Percentage = ProfitCost Price (CP)×100
Profit Percentage = 25400×100
Profit Percentage = 254=6.25%

Rounding 6.25% to the nearest integer gives 6%.

Thus, the profit percentage correct to the nearest integer is 6%.

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