A person sells a radio at a price of 1000 at 20% discount to another person. The second person increases its price by 400 and sells it at 25% discount. What is the percent profit made by the second person?
12.5%
15%
30%
22.5%
A
15%
B
12.5%
C
30%
D
22.5%
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Solution
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The correct option is A12.5% MP of radio sold by first person =1000 Discount =20%
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