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If on an item a shop gives 25% discount, they earn 25%
profit. If they now give 10% discount then what is the
profit percentage
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Answer Posted / muhammad aamir siddiq
Ok I have seen many Answers but none of them seem correct.
Heres the real way to solve this data sufficiency problem:
We don't need to consider the cost price at all. It is already clued in the question.
1st Part
When we earn 25% profit by offering 25% discount it means:
Selling price before 25% discount=$100
Selling price after 25% discount= $75
So we come to know( as its mentioned in the question) that when we sell certain item with 25% discount or $75 we will get 25% profit.
2nd Part
Now if we give 10% discount then selling price after 10% discount = $90
How much profit will we get when we'll sell an item for $90?
So we need to find the profit by this basic cross multiplication method:
75---25
90---x
75x= 25*90/75= 30
So our profit will be 30%
| Is This Answer Correct ? | 169 Yes | 73 No |
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