Question : 15% of the marked price of an item is equal to 25% of its cost price. If a discount of 25% is given on the sale of the item, then what will be the profit percentage?
Option 1: 22.5%
Option 2: 20%
Option 3: 17.5%
Option 4: 25%
Correct Answer: 25%
Solution :
Given: 15% of the marked price of an item is equal to 25% of its cost price.
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Use the formula,
According to the question,
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Hence, the correct answer is 25%.