An uneducated retailer marks all his goods at 50% above the cost price and thinking that he will still make 25% profit, offers a discount of 25% on the marked price. What is his actual profit on the sales?
A
11%
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B
12%
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C
12.50%
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D
13.50%
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Solution
The correct option is C 12.50% Let Cost Price=100 Rs. then Marked Price=150 Rs. S.P.=75% of 150 ⇒75100×150=112.5Rs. Now actual %profit on the sales=112.5−100100×100=12.5