A shopkeeper marks his goods $25\%$ above CP. If he gives a discount of $8\%$, his profit percent is

A shopkeeper marks his goods $25\%$ above CP. If he gives a discount of $8\%$, his profit percent is
  1. $10\%$
  2. $13\%$
  3. $15\%$
  4. $17\%$

Solution

Let CP $= 100$. MP $= 125$. SP $= 125 \times 0.92 = 115$. Profit\% $= 15\%$.

Asked in: IMO

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