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SSC CHSL 2018 · PYQ · Profit and Loss · medium

A shopkeeper bought an article for ₹100 and marked its price 25% above the cost price. How much discount percentage should he announce in order to make a profit of 15%?

  1. A.8%✓ Correct
  2. B.8.5%
  3. C.10%
  4. D.8.25%

Explanation

Cost=₹100, Marked Price=₹125, Selling Price for 15% profit=₹115. Discount=125–115=₹10. Discount%=(10/125)×100=8%.
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