A trader marked the price of his commodity so as to include a profit of 25%. He allowed a discount of 16% on the MP. His actual profit was
9%
5%
25%
16%
A
5%
B
16%
C
25%
D
9%
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Solution
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Let the CP of the commodity is Rs.100.
Therefore, expected MP of the commodity is Rs.125.
According to the question,
Discount=125×16100=Rs.20
Therefore,
SP=125−20=Rs.105
Therefore,
Actual Profit =(105−100)100×100=5%
Therefore, net profit is 5%.
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